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1047 Cornwell Avenue
About This Property
Inside, you'll find a remodeled and expanded kitchen that provides additional workspace and storage, while the updated upstairs full bathroom adds modern style and convenience. The spacious primary bedroom has been expanded to create a relaxing retreat, and an additional bedroom on the main level offers flexibility for guests, a home office, or multi-generational living. Approximately 15 years ago, the home underwent significant improvements, including updated electrical wiring and a new electrical panel. A Mitsubishi 24,000 BTU split system, approximately five years old, efficiently provides heating and cooling throughout the first floor.
Outside, the detached garage features drive-through access with doors on both ends, making it ideal for vehicles, hobbies, or additional storage. Conveniently located near shopping, restaurants, parks, schools, and major roadways, this move-in-ready home offers the perfect combination of comfort, functionality, and everyday convenience.
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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 13, 2026 | Sold | ||
| Sold | |||
| Aug 29, 2026 | In contract | - | |
| In contract | |||
| Aug 18, 2026 | Relisted | $649,000 | |
| Relisted | |||
| Jul 26, 2026 | In contract | - | |
| In contract | |||
| Jul 9, 2026 | Listed by Redfin Real Estate | $649,000 | |
| Listed by Redfin Real Estate | |||
Property Highlights
Building Info
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Price/ft²
Listed On
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About Baldwin Harbor
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017