981 4th W
About This Property
Originally built in 1905, this home has been gracefully expanded by its current owners, preserving its historic charm while adding modern touches. The main house boasts three bedrooms, with two retaining their early 20th-century allure separated between a contemporary updated jack and jill bathroom. A former porch has been reimagined as a sunny third bedroom or home office off the original living room.
The living room has been transformed into a music room, exuding warmth and character. The kitchen, a labor of love by the current owner, features handcrafted cabinetry and both butcher block and tiled countertops with an eat-at bar, perfect for casual meals and homework time.
The extension includes a spacious great room, ideal for large family gatherings, with easy access to the garage, rear deck, and porch. A craft room/ laundry area off the great family space. The home offers flexibility for customization to suit your lifestyle.
The solar panels are owned reducing the owners' utility bills significantly. The windows in the home are also dual pane.
For added convenience and extra storage, the home features attic storage accessible via a drop-down ladder, spanning the entire size of the great room. Additionally, there are two sheds on the property that will be included with the sale.
With endless possibilities for reconfiguration, this home is ready for a new family to make it their own. Don't miss out on the chance to create your dream living space in this unique property. Did I mention that there is space in the yard to add an ADU?
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Cap Rate Calculator
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 |
|---|---|---|---|
| Aug 23, 2024 | Sold | ||
| Sold | |||
| Aug 8, 2024 | In contract | - | |
| In contract | |||
| Jul 11, 2024 | Listed by Palisade Realty, Inc | $725,000 | |
| Listed by Palisade Realty, Inc | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017