85 Faraday St
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 |
|---|---|---|---|
| Jun 25, 2024 | Sold | ||
| Sold | |||
| May 8, 2024 | Listed by Compass | $589,000 | |
| Listed by Compass | |||
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Nestled in a wonderful Fairmount Hill neighborhood, this charming 3-bedroom, 1.5-bathroom cape offers a blend of comfort and potential. This isn't your typical cape; it surprises with spacious second-floor bedrooms and an inviting "all seasons" sunroom off the back overlooking a private fenced in backyard. With the potential for a fourth bedroom on the first floor, adaptability is key to suit your lifestyle. This home has had decades of care from a single family and shines with pride of ownership. Though some cosmetic updates are due, the beautiful hardwood floors flow throughout most of the house, adding character and saving lots of money on a potential renovation. The finished basement extends your living space and offers an array of options. Boasting a prime location close to the commuter rail, restaurants, Neponset, Blue Hills, convenience is at your doorstep. Easy to show, make an appointment to tour today!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017