898 Massachusetts Avenue
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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%.
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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.
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Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
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Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 19, 2018 | Sold | ||
| Sold | |||
| Dec 21, 2017 | Listed by Jesus Quintero, Broker | $224,900 | |
| Listed by Jesus Quintero, Broker | |||
| Jul 9, 2017 | Listed | $145,000 | |
| Listed | |||
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Home has had some major renovations done but owner wants out..... cash only or rehab loan (hard money okay). Renovations that were completed so far are all high end (look at pictures). Owner states 85% of electrical is completed with a new sub-panel. Plumbing has been redone, new concrete piers under sub floor, most of sub floor has been redone with new beams and reinforced. Beautiful kitchen remodel with Viking stoves, farmhouse sink, beautiful lighting and fixtures, granite counter tops, stainless steel appliances, new electrical in kitchen, and laundry room now.... water heater is newer (40 gallon) and has been moved outside. Great corner lot with detached garage (2 car) needs work still but owner put in sub floor on one side - the other side is concrete. Bathroom remodeled (see pictures). Some beautiful new windows and doors have been installed but need to be completed. Owner will continue to work on home at his pace but is ready to sell. Tax assessors data show 634 square feet but home seems to be approx. 900 sq ft (buyer to verify all permits). Home was fumigated a few years ago with a tent. Tons of potential..... The manager has listed the unit size as 936 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017