900 Melrose Drive
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 |
|---|---|---|---|
| Jan 7, 2022 | Sold | ||
| Sold | |||
| Dec 3, 2021 | Listed by Kelly, Realtors | $219,000 | |
| Listed by Kelly, Realtors | |||
| Dec 16, 2020 | Sold | ||
| Sold | |||
| Nov 6, 2020 | Listed by Kelly, Realtors | $184,900 | |
| Listed by Kelly, Realtors | |||
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Light, bright, clean, neat and ready to move in are all adjectives to describe this pretty property. With a new roof, and new paint, flooring and lighting, this house is perfect for any family, couple, or just starting out single to bring their furniture and move right in! Need extra parking? Melrose offers not only a two car attached garage, but it is a corner lot so friends/family do not have to park on the main street. This home has fantastic curb appeal with updated doors and shutters, however it is the inside that will steal the show. When you walk in you have a choice, do you make this large second space a formal dining or a second living/playroom? The family room is open to a beautiful fireplace and updated eat in kitchen to enjoy cooking and entertaining. A gem like this, right in the heart of the city is a real find!!
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| Sep 9, 2020 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017