1010 Albany
About This Property
A detached studio guest house sits at the rear of the property and is rented for 775 a month on a month-to-month basis. This space can continue to generate income or be repurposed for guests, family, or a home office depending on the buyer's needs.
With two separate living spaces and flexible use options, this property presents a practical opportunity for steady rental income or a primary residence with added flexibility.
Contact listing agent for showing schedule.
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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 |
|---|---|---|---|
| Apr 10, 2026 | Sold | ||
| Sold | |||
| Mar 3, 2026 | In contract | - | |
| In contract | |||
| Feb 4, 2026 | Listed by Real Broker, LLC. | $215,000 | |
| Listed by Real Broker, LLC. | |||
| Oct 2, 2023 | Sold | ||
| Sold | |||
| Aug 24, 2023 | Listed by Barnett & Hill | $215,000 | |
| Listed by Barnett & Hill | |||
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Mature pecan trees shade this compact Old Elmwood cottage that comes with a separate guest suite for that extra space when you need it. A shaded east-facing front porch across the front of the house provides entrance to an open living and dining area (the fireplace unit in living area remains with home). Kitchen has gas range, dishwasher and closet for full-sized washer and dryer and provides access to backyard and deck. The two bedrooms flank the renovated bathroom - the smaller bedroom is at the front; the larger bedroom is at the rear overlooking the backyard. The 290 sf back unit with bath provides a space for a third bedroom, office, guest suite, or rental income - the two Airbnb properties one street away rent for $58-$68 per night or monthly at $1300 per month. Yard has sprinker system and backyard was re-fenced in June 2023. Austin-Mann-AHS schools.
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Last Updated: 7 months ago
Data Source: NTREIS MLS, MLS# 21170225
Details provided by NTREIS and may not match the public record
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Address: 335 Madison Avenue, New York, NY 10017