948 Gerard Avenue
About This Property
This beautiful home has been well maintained and offers laminate wood floors throughout, XL bedrooms, and a spacious living room that sweeps right into the dining nook and kitchen. While you're at it, kick back and enjoy your private backyard! This commuter's dream can get you to Manhattan, via the 4/B/D train in less than 15 mins. All major upgrades were completed less than a year ago and include the roof and boiler/hot water tank.
Walking distance to supermarkets, as well as local favorites such as The Bronx Terminal Market, The Bronx Museum of Arts, The Macombs Dam Park, or walk right over the Macombs Dam Bridge right into Manhattan.
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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 |
|---|---|---|---|
| May 26, 2022 | Sold | ||
| Sold | |||
| Jan 27, 2022 | Listed by Keller Williams Realty NYC Grp | $535,000 | |
| Listed by Keller Williams Realty NYC Grp | |||
Property Highlights
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About West Bronx
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Data Source: OneKey MLS
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017