1200 1st Street
About This Property
The large screened in porch creates an inviting outdoor living space and is perfect for relaxing or entertaining. Outside, the property is exceptionally well equipped with a 24 by 30 shop on a concrete slab, a separate workshop or storage building, an RV carport, and two additional carports. There is no shortage of space for vehicles, boats, RVs, equipment, hobbies, or storage.
One of the property's standout features is the approximately 500 square foot ADU. This additional living space offers tremendous flexibility and could be utilized as a guest house, private quarters, home office, or potential rental opportunity, providing the possibility for additional income or a valuable space for extended family.
The combination of a spacious main home, oversized corner lot, mature trees, multiple covered parking areas, substantial shop space, and a separate ADU makes this property a rare find. Whether you are looking for a home with room for all your equipment and hobbies, additional living space, or an opportunity to generate rental income, this property offers options that are hard to find in one package. Come see the possibilities this Graham property has to offer.
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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 29, 2026 | Price Decreased |
$274,000
↓ $20K
(6.8%) | |
| Price Decreased | |||
| Sep 3, 2026 | Listed by Coldwell Banker Realty | $294,000 | |
| Listed by Coldwell Banker Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017