8 Terrace Ln #8
About This Property
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 30, 2024 | Sold | ||
| Sold | |||
| Apr 26, 2024 | In contract | - | |
| In contract | |||
| Apr 16, 2024 | In contract | - | |
| In contract | |||
| Mar 12, 2024 | Listed by Signature Premier Properties | $529,000 | |
| Listed by Signature Premier Properties | |||
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Come take a look at this Beautiful Corner Unit Condo and Enjoy the Open Concept Which Features A Spacious Kitchen w/Granite Counter Tops and an Island, Dining Room, Living Room w/Gas Fireplace. The Additional First Floor Bedroom that Could Serve as an In Home Office or Guest Room is a Rarity in These Beautiful Townhomes and the Adjacent FULL FIRST FLOOR BATHROOM is an invaluable feature for having guests overnight! The Second Level Features A Spacious Master En Suite with Double Walk In Closets, and A Master Bath That includes a Soaking Tub, Separate Shower Stall and Double Vanity. Down the Hall are the Two Additional Bedrooms and The Third Full Bath. The Fully Finished Basement has High Ceilings, a Laundry Room and Plenty Storage Space. ***Outside is a Definite Plus Plus!! Entertain on the Private Expanded Patio that gives space that you WILL NOT FIND with most other Townhomes!!
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| Mar 1, 2024 | Listed by Signature Premier Properties | $529,000 | |
| Listed by Signature Premier Properties | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
03/01/2024
|
4 Bed
|
3 Bath
|
1604 ft²
|
$529,000
4 Bed
3 Bath
1604 ft²
|
$545,000
+3.02%
08/30/2024
|
Ryan Rezinas
Signature Premier Properties
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017