87 1st 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%.
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 14, 2016 | Sold | ||
| Sold | |||
| Sep 22, 2016 | Listed by Compass | $719,000 | |
| Listed by Compass | |||
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GORGEOUS AND FULLY RENOVATED VICTORIAN IN THE HIGHLY DESIRABLE MT HOOD AREA EAST SIDE OF MELROSE. Steps to Melrose Common and Winthrop Elem. School, this gem is updated w/ beautiful features. Kitchen boasts SS appliances, under counter lighting, granite counters and peninsula with shaker style trendy white cabinetry. Newly finished hardwood floors throughout w/ espresso finish. Dining and living rms feature original crown molding w/ fireplace in the dining room. Master BR has a 3/4 bath with lovely finishes. 2 more bedrooms on the 2nd floor and unique family room on the finished 3rd floor which could be easily changed into a 4th bedroom. The basement has been finished for an office and small playroom. Laundry room finishes out the lower space w/ walk out to the spacious manicured backyard. The outdoor space has a new patio and deck along with 1 car garage. All systems are brand new, i.e., a/c, heating unit & electrical panel. First open house Sun. 9/25 11-12:30. Don't miss this one!
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| May 6, 2016 | Sold | ||
| Sold | |||
| Apr 11, 2016 | Listed by RE/MAX Trinity | $469,000 | |
| Listed by RE/MAX Trinity | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017