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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 |
|---|---|---|---|
| Oct 19, 2026 | Price Decreased |
$395,555
↓ $4K
(1.1%) | |
| Price Decreased | |||
| Jul 28, 2026 | Listed by EXP Realty, LLC | $400,000 | |
| Listed by EXP Realty, LLC | |||
| Jun 28, 2025 | Price Decreased |
$449,000
↓ $26K
(5.5%) | |
| Price Decreased | |||
| Jan 31, 2025 | Price Decreased |
$475,000
↓ $20K
(4%) | |
| Price Decreased | |||
| Sep 15, 2024 | Listed | $495,000 | |
| Listed | |||
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Endless Potential in This Unique Mixed-Use Property on a Double Lot!
Whether you're searching for the perfect investment property or a flexible house-hack opportunity, this mixed-use gem on a double lot offers limitless potential. Ideally situated along Route 45, this property boasts prime visibility and easy access to nearby businesses, shopping, and major highways.
The options are endless: live on-site while running your business downstairs, rent out the upper unit for additional income, or capitalize on its full investment potential. With an adjacent lot offering parking for 8 vehicles and ample space for expansion or new construction, the choice is yours.
The first-floor commercial unit, previously used as a chiropractic office, features a spacious layout complete with a waiting area, office, restroom, and four treatment rooms. The partially finished basement, with separate access, provides extra storage or workspace for either tenant.
Upstairs, the recently updated second-floor unit is flooded with natural light and includes a charming sunroom, spacious living and dining areas, an open kitchen, laundry room, full bathroom, and two bedrooms, including a master with a walk-in closet. There's no shortage of storage, with plenty of closets and pantry space throughout, plus a one-car garage accessible from both levels.
Whether you’re considering keeping this as a dual-income property, converting it to a single-family home, or even building a second home on the additional lot, the possibilities here are truly endless!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017