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844 71st Street
About This Property
The second floor has 3 bedrooms including a large primary with separate office nook, that could easily be converted into a 4th bedroom. Multiple stained glass skylights and doors are featured throughout this floor. The basement level has been fully renovated and can easily be used as a mother in-law suite. There is a full bath and kitchenette on this floor.
One of the most spectacular features of this home is the abundance of private parking. There is a one and a two car garage, for a total of 3 covered parking spaces. There is ample space to park at least another 3 cars as well. Conveniently located close to the N train, multiple parks and playgrounds, excellent restaurants, shopping and nightlife.
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Cap Rate Calculator
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%.
How much can I actually make?
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 21, 2022 | Sold | ||
| Sold | |||
| Sep 24, 2022 | In contract | - | |
| In contract | |||
| Sep 8, 2022 | Listed by New York Living Solutions | $1,250,000 | |
| Listed by New York Living Solutions | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017