9 Ray Ave
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 |
|---|---|---|---|
| Feb 26, 2021 | Sold | ||
| Sold | |||
| Jan 4, 2021 | Listed | $385,000 | |
| Listed | |||
| Aug 21, 2009 | Sold | ||
| Sold | |||
| Jul 1, 2009 | Listed by Keller Williams Realty | $194,900 | |
| Listed by Keller Williams Realty | |||
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Great split that needs some TLC. The property features hardwood floors, finished space in the basement and a pool in the yard. This is an “AS IS” sale and all offers must be accompanied by a preapproval letter and/or proof of funds. Agents please follow the instructions on MLS regarding questions and offer submission. Property will not qualify for FHA financing.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017