985 Morgan Dr
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 |
|---|---|---|---|
| Nov 26, 2024 | Sold | ||
| Sold | |||
| Oct 16, 2024 | Listed by Live West Realty | $864,000 | |
| Listed by Live West Realty | |||
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This is it! 985 Morgan offers you inspiring nature while living right in the heart of town. Say goodbye to HOAs and long commutes and HELLO to your future living in this sunny, solid home, directly adjacent to greenspace, trails and no neighbors behind you. This welcoming house is truly a rare find, situated on a charming cul-de-sac with no through traffic. From the moment you step inside, you'll notice that the feel-good space has been thoughtfully cared for by owner occupants and beckons you to put roots down. Three spacious bedrooms, including a primary bedroom upstairs with large walk-in closet, and two full bathrooms allow plenty of room for everyone. Two comfortable living rooms and a thoughtful separation of space offer wonderful options for both privacy and togetherness. Upper level living room is bright and open, while the lower level is cozy in all seasons with a gas fireplace and provides ample room for work-from-home or any of your other pursuits. Pull up a barstool to the counter in the cheerful kitchen which opens onto the back deck or step outside and overlook the lush, private backyard. You'll delight in your own mature fruit trees, productive raspberry bushes and gate right out the back to the green. Poured concrete pad is ready for hot tub or shed. Many upgrades including newer windows and energy efficient mini-split. Water purification system is owned and included. Close to CU campus, restaurants, shopping, coffee, bakeries, trail access. It is a friendly and dynamic neighborhood and Park East park is right out the door.
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| Sep 15, 2024 | Price Decreased |
$868,000
↓ $19K
(2.1%) | |
| Price Decreased | |||
| Aug 29, 2024 | Price Increased |
$887,000
↑ $19K
(2.2%) | |
| Price Increased | |||
| Aug 8, 2024 | Listed by Live West Realty | $868,000 | |
| Listed by Live West Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017