1 Peter Street
About This Property
The fully finished basement with outside separate entrance (OSE) offers exceptional versatility and is currently configured as an expansive recreation room with bar area, game space, and half bath. Existing plumbing provides the opportunity to add a shower, making this an ideal space for extended living, guests, a home office, or endless recreational possibilities. Additional features include central air conditioning, 200-amp electric service, oil heat, water heater in excellent condition, roof approximately 5 years old, main-level laundry, two-car garage, in-ground sprinklers, and attic access.
The private backyard is an entertainer's dream, featuring a wood deck, paver patio, and serene, professionally landscaped grounds. A rare opportunity to own a move-in-ready home offering comfort, space, and exceptional indoor/outdoor living. Close to all major highways, public transportation and shops. Opportunity knocks!
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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 |
|---|---|---|---|
| Sep 1, 2026 | Sold | ||
| Sold | |||
| Jul 1, 2026 | In contract | - | |
| In contract | |||
| Jul 1, 2026 | Price Increased |
$715,000
↑ $56K
(8.5%) | |
| Price Increased | |||
| Jun 17, 2026 | Listed by Realty Connect USA L I Inc | $659,000 | |
| Listed by Realty Connect USA L I Inc | |||
| Nov 15, 2011 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017