1406 WALNUT AVENUE
About This Property
The main level features an open and versatile living area with wood flooring, abundant natural light, and easy flow into the spacious kitchen. The kitchen offers ample cabinet storage, generous counter space, stainless steel appliances, and room for everyday dining and entertaining. A convenient half bath is also located on the main level.
Upstairs, both bedrooms are well-sized and include access to full baths, providing comfortable and flexible living arrangements. Neutral finishes and large windows create a bright, airy feel throughout the upper level.
Outdoor features include a large rear deck, fenced yard, and additional green space ideal for relaxing, entertaining, or outdoor enjoyment. The detached one-car garage and driveway provide added storage and off-street parking. The unfinished walkout basement offers excellent utility and storage potential.
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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 |
|---|---|---|---|
| Jun 12, 2026 | Sold | ||
| Sold | |||
| May 18, 2026 | In contract | - | |
| In contract | |||
| May 14, 2026 | Price Decreased |
$350,000
↓ $25K
(6.7%) | |
| Price Decreased | |||
| Apr 27, 2026 | Price Decreased |
$375,000
↓ $25K
(6.3%) | |
| Price Decreased | |||
| Apr 17, 2026 | Listed by Next Step Realty | $400,000 | |
| Listed by Next Step Realty | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017