883 Park Lane
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 |
|---|---|---|---|
| Mar 29, 2024 | No longer available | - | |
| No longer available | |||
| Mar 28, 2024 | In contract | - | |
| In contract | |||
| Mar 26, 2024 | Sold | ||
| Sold | |||
| Mar 13, 2024 | No longer available | - | |
| No longer available | |||
| Mar 4, 2024 | Listed by Madison Realty, Inc | $419,000 | |
| Listed by Madison Realty, Inc | |||
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This charming ranch-style home, located behind Hill Park and just a few blocks from Madison's bustling square, offers the ideal blend of in-town living and suburban tranquility. The property, boasting an all-brick exterior, has undergone recent renovations, sits on a corner lot that borders a protected city of Madison greenspace, and is located within a sought-after neighborhood featuring amenities like pickleball and tennis courts. Inside, the house boasts a single-level layout, making it perfect for those seeking easy living. Boasting a brand-new kitchen with all new stainless appliances and quartz countertops makes it even more enticing. Refinished hardwood floors span the entirety of the home, complementing the updated finishes and modernized mechanics. The owners' suite offers a newly remodeled bath and ample closet space. The 3-bedroom, 2-bathroom floorplan caters well to empty nesters or small families, offering a comfortable yet manageable living space. Mature landscaping surrounds the property, providing both beauty and privacy, while the backyard backs up to city-owned green space, ensuring a serene and picturesque setting. For those in need of additional storage or workshop space, the walk-out daylight basement offers ample room to accommodate various needs. This move-in-ready home presents an enticing opportunity for those seeking a convenient yet peaceful lifestyle in Madison's vibrant community. The manager has listed the unit size as 1474 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017