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1224 Summer Street
About This Property
This 3-bedroom, 3.5-bath home offers a spacious layout designed to feel like a single-family residence. The first floor includes a guest bedroom with a separate side-garden entrance.
The second floor features an open living area with wood flooring, a half bath, and a kitchen equipped with a gas stove and a mini fridge built into the island, along with access to a covered balcony.
The third floor includes the primary suite with a bathroom featuring a separate shower and tub, as well as an additional bedroom and full bath.
The fourth level includes the HVAC room and access to a private terrace with a deck installed by the owner.
Additional features include carpeted bedrooms, recently replaced A/C coils (2025), and major exterior updates, including roof and siding.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Jul 6, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| May 15, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| May 15, 2026 | Listed by Keller Williams Memorial | $495,000 | |
| Listed by Keller Williams Memorial | |||
| May 9, 2026 | Price Decreased |
$495,000
↓ $54K
(9.8%) | |
| Price Decreased | |||
| Apr 14, 2026 | Price Decreased |
$549,000
↓ $999
(0.2%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017