18
Map
8450 Melvin Avenue
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%.
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 |
|---|---|---|---|
| Oct 19, 2026 | Listed by Rodeo Realty | $1,849,000 | |
| Listed by Rodeo Realty | |||
| Oct 26, 2021 | No longer available | - | |
| No longer available | |||
| Oct 21, 2021 | Price Decreased |
$1,175,000
↓ $25K
(2.1%) | |
| Price Decreased | |||
| Sep 29, 2021 | Listed by Mills Realty of California | $1,200,000 | |
| Listed by Mills Realty of California | |||
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Over 1/2 acre lot with permitted ADU / guesthouse on a quiet street with a country feel in the middle of the city! The main home is a lovely light and bright 3+2 with hardwood floors, double pane energy efficient windows, recessed lighting, crown molding, central air and spacious rooms. The ADU is a studio apartment that is currently rented. The fantastic lot features mature trees, swimming pool, pergola. The possibilities for this property are abundant! The manager has listed the unit size as 1744 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017