9 Balsam Dr
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 |
|---|---|---|---|
| Dec 22, 2016 | Sold | ||
| Sold | |||
| Aug 16, 2013 | Sold | ||
| Sold | |||
| Aug 21, 2007 | Sold | ||
| Sold | |||
| May 9, 2007 | Listed by LAER Realty Partners | $265,000 | |
| Listed by LAER Realty Partners | |||
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Nice split-entry in very desirerable Timberlee Park neighborhood. Enjoy summers in the level, cleared yard with 18 X 36 inground pool and 2 storage sheds. Living room includes large windows, fireplace and is open to the dining area. The lower finished family room also has it's own fireplace, dry bar and access to a half bath. The roof was replaced in 2003 and the hot water tank was replaced in 2004. Come by and see.
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| Jul 29, 1999 | Sold | ||
| Sold | |||
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Address: 335 Madison Avenue, New York, NY 10017