8829 28th STREET E
About This Property
Situated on one of the largest lots in the neighborhood, this property provides ample space for outdoor activities and potential expansion. The attached service garage faces the backyard and is the only one available in the community. It's perfect for storing lawn equipment, sporting goods, or even woodworking! Another unique feature of this home is its picturesque backdrop – an expansive horse farm directly behind the property, offering a tranquil and idyllic setting. Experience the allure of country living while still enjoying the comforts of a well-appointed home. This property presents a rare opportunity to embrace the best of both worlds, combining spacious luxury with the charm of rural landscapes. Don't miss the chance to make this extraordinary residence your new home! Roof replaced with 25 year shingles in 2014, A/C replaced in May 2019, Water Heater replaced in July 2021 and Washer replaced in Sept. 2022.
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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 |
|---|---|---|---|
| Feb 27, 2024 | Sold | ||
| Sold | |||
| Jan 27, 2024 | In contract | - | |
| In contract | |||
| Dec 23, 2023 | Price Decreased |
$580,000
↓ $5K
(0.9%) | |
| Price Decreased | |||
| Dec 13, 2023 | Price Decreased |
$585,000
↓ $15K
(2.5%) | |
| Price Decreased | |||
| Dec 1, 2023 | Listed by EXIT KING REALTY | $600,000 | |
| Listed by EXIT KING REALTY | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017