11 Madison Avenue
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 |
|---|---|---|---|
| May 27, 2025 | Sold | ||
| Sold | |||
| Apr 8, 2025 | In contract | - | |
| In contract | |||
| Mar 26, 2025 | In contract | - | |
| In contract | |||
| Mar 13, 2025 | Listed by Douglas Elliman Real Estate | $585,000 | |
| Listed by Douglas Elliman Real Estate | |||
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Welcome to completely renovated 11 Madison Avenue, a very charming 3-bedroom home in the heart of Hempstead. This home features a bright airy open floor plan with a brand-new state of the art kitchen with modern, stainless appliances, sleek countertops and very nice stylish cabinetry. This home offers both functionality and a fresh contemporary look. Windows, roof, Hardwood and laminate floors all updated throughout add warmth and character. The newly finished basement provides lots of extra space for storage, a home office or recreational area. The partially fenced yard offers privacy and room for outdoor activities. Detached garage and private driveway have plenty of room for parking.
Conveniently located near schools, shops, and public transportation, this home is move-in ready. Don't miss out on this one!!!
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| Jan 3, 2025 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017