9 Colburn 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%.
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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.
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 8, 2024 | Sold | ||
| Sold | |||
| Jan 11, 2024 | Listed by RE/MAX Innovative Properties | $899,000 | |
| Listed by RE/MAX Innovative Properties | |||
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There is more to this home than meets the eye! Here is a wonderful opportunity to live in this sought after neighborhood in Hollis with its highly recognized school system and unmatched quality of life. Enjoy the traditional 9 room layout with the open kitchen and fireplaced family room for those special gatherings. Beautifully crafted, custom built-in shelving and cabinets, in what is currently being used as an at-home office. The sun filled dining space and cozy sitting room are located just off the front foyer. A half bath, with laundry area, completes the first floor. The primary bedroom offers 2 walk-in closets and an oversized bathroom which has great potential for modernization. The versatile lower level is ideal if you are looking for a generational living arrangement! The newly completed and custom designed lower level is an approved ADU for family members or as an income producing rental. With its own private entrance, there is a fully applianced kitchen, full bath with enough room for stackable washer/dryer, bedroom, den, large office and a room being used as a gym however can be easily converted into a living room. New Reeds Ferry utility shed spacious enough for toys and equipment. Sellers are offering a $7500 concession for exterior improvements which they weren't able to complete prior to winter.
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| Jun 7, 2016 | Sold | ||
| Sold | |||
| Aug 23, 2015 | Listed by Cook & Cook Real Estate Group | $519,000 | |
| Listed by Cook & Cook Real Estate Group | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017