986 Broadway
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 |
|---|---|---|---|
| May 16, 2024 | Sold | ||
| Sold | |||
| Feb 29, 2024 | In contract | - | |
| In contract | |||
| Feb 22, 2024 | Listed by Leading Edge Real Estate | $399,900 | |
| Listed by Leading Edge Real Estate | |||
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This charming Cape style home being offered for the first time in 60 years is sited on a 1.1 acre lot in a highly commutable location. For those seeking to enter the housing market or invest with potential for significant returns, this property offers an exciting opportunity to infuse your personal style and vision into the space. The cozy interior contains a living room, eat-in kitchen, 2 bedrooms, full bath and a 3-season enclosed porch. Plenty of storage space in the walk-up attic, full basement and 1-car detached garage. The lot offers ample space for gardening and outdoor activities. Some recent improvements include fresh paint throughout, new front stairs and porch, new roof over back porch, rear staircase, and basement sump pump. Sewer connection is planned for the Spring (may not pass Title V) which would allow for potential expansion of the home. This diamond in the rough is just waiting for you to write the next chapter of its story.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017