807 Melba Street
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 |
|---|---|---|---|
| Nov 3, 2023 | Sold | ||
| Sold | |||
| Oct 7, 2023 | Listed by Compass RE Texas, LLC. | $479,900 | |
| Listed by Compass RE Texas, LLC. | |||
| | |||
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Incredible opportunity to be in the heart of Bishop Arts District filled with the city's most iconic attractions, including trendy boutiques, acclaimed restaurants, and cultural venues. This stunning modern 2 bed 2.1 bath with flex area was built in 2015 and has been recently freshly updated. Step inside to discover an inviting open-concept layout, seamlessly connecting the living, dining, and kitchen areas. This spacious property features high ceilings, recently stained concrete floors, and tons of natural light. Enjoy the spacious kitchen, large island with quartz countertops and stainless-steel appliances. On the second floor, the primary suite is a true sanctuary, offering a private retreat with its own ensuite bath and a large 8x12ft walk-in closet. The additional bedroom is equally impressive with ensuite bath. Upstairs also includes beautiful hardwood floors, ample storage, and flex area perfect for an office space or second living. Side yard with grass is great for pets.
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| Sep 19, 2023 | No longer available | - | |
| No longer available | |||
| Aug 29, 2023 | Price Decreased |
$479,900
↓ $10K
(2%) | |
| Price Decreased | |||
| Jul 24, 2023 | Price Decreased |
$489,900
↓ $10K
(2%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017