987 West Street
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 |
|---|---|---|---|
| Aug 22, 2024 | Sold | ||
| Sold | |||
| Jul 14, 2024 | In contract | - | |
| In contract | |||
| Jul 9, 2024 | Listed by Gerry Abbott REALTORS® | $499,900 | |
| Listed by Gerry Abbott REALTORS® | |||
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OPPORTUNITY for buyers willing to do some sweat equity work on this Contemporary Front to back Split Entry home built in 1979. Newer maple cabinet kitchen with tiled floor and dining area. Front to back Livingroom with fireplace, vaulted ceilings,Anderson windows and Eucalyptus hardwood flooring. NEWER bathroom with tiled shower stall & double vanity.2 bedrooms on second floor with one having a walk-in closet. ADDITION was put on in 1989 and has oak hardwood flooring and New Harvey slider leading to wood deck, second floor of addition has potential for 3rd bedroom with separate stairwell. Basement of original house is un finished with laundry hook ups and a Pellet stove ready to be finished for additional living space. 3/4 acre lot with many perennials and a garden shed. GOOD OPPORTUNITY for buyers willing to do some work. Natural gas is located on the street.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017