24
Map
1117 Lexington Avenue
About This Property
Inside, you'll find multiple bonus rooms that could serve as additional living areas, offices, game rooms, media rooms, or bedrooms. One of the rooms is currently being used as a home theater. The flexible layout could function as a mother-in-law suite or potentially allow multiple rooms to be rented separately, subject to applicable zoning, occupancy, permitting, and rental requirements.
The home also features a spacious kitchen, generously sized bedrooms, fresh interior paint, and two fireplaces-one gas and one wood-burning-providing warmth and character throughout the home. Additional utility features include two gas lines, two water lines, and two water heaters, offering added convenience and flexibility.
Exterior highlights include a 2-car garage, water well, and storm shelter. Conveniently located near shopping, dining, schools, and other local amenities, this property offers comfort, accessibility, and a layout that can accommodate a variety of needs. Don't miss this unique opportunity!
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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 25, 2026 | Price Decreased |
$450,000
↓ $25K
(5.3%) | |
| Price Decreased | |||
| Jul 21, 2026 | Listed by Copperleaf Properties | $475,000 | |
| Listed by Copperleaf Properties | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017