854 Summit Ave
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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 |
|---|---|---|---|
| Mar 16, 2023 | Sold | ||
| Sold | |||
| Feb 16, 2023 | In contract | - | |
| In contract | |||
| Jan 27, 2023 | No longer available | - | |
| No longer available | |||
| Jan 27, 2023 | Price Decreased |
$1,375,000
↓ $25K
(1.8%) | |
| Price Decreased | |||
| Jul 25, 2022 | Listed by Weichert Realtors-Middletown | $1,400,000 | |
| Listed by Weichert Realtors-Middletown | |||
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Foundation set 8/10, ready for framing. Stunning new construction offering 4 BR, 4.1 BA presented by VILLANE Building & Development. This Magnificent new Colonial consists w/4 levels of finished living space, over 3,200 sq.ft. Impressive 9' ceilings in bsmnt and 1st floor. Tall windows & doors on 1st floor to soak in bright, natural light. Custom trim details, Chefs dream kitchen w/center island, stylish Cabinetry, SS Appl. Pkg. farm sink and specialty lighting. The Open Floor Plan continues to the Dining Room and into the family room w/gas FP, 8' tall slider to rear yard, sod entire yard areas. Garage entry to mud room, convenient 1/2 Bath. The 2nd floor consists with 3BR, 2BA and Laundry room (w/worry free floor drain). A Master suite w/huge WIC, Custom shower & dual vanities. The manager has listed the unit size as 3200 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017