1407 Patterson Street
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%.
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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 |
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| Jun 20, 2025 | Sold | ||
| Sold | |||
| Jun 7, 2025 | In contract | - | |
| In contract | |||
| May 29, 2025 | Listed by Compass RE Texas, LLC - Houston | $450,000 | |
| Listed by Compass RE Texas, LLC - Houston | |||
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Welcome to 1407 Patterson St., a 3-story home in a gated Washington Corridor community directly across from West End Park. The front patio features peach, lemon, and pomegranate trees. First floor offers a guest bedroom with en-suite and access to an oversized 2-car garage. The second level boasts an open-concept living area with high ceilings, wood floors, tall windows, and a kitchen with SS appliances, gas cooktop, and bar seating. third floor includes a secondary en-suite bedroom, utility room, and a spacious primary suite with gas fireplace, jetted tub, separate shower, dual sinks, and walk-in closet. HOA covers exterior maintenance, landscaping, trash, and driveway gate. Prime location near Memorial Park, top restaurants, bars, and easy access to I-10 & 610.
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| Aug 23, 2021 | Sold | ||
| Sold | |||
| Jun 28, 2021 | Listed by Martha Turner Sotheby's | $429,000 | |
| Listed by Martha Turner Sotheby's | |||
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Attractive home in small gated community across from West End Park in Washington Corridor w/ NO stucco! Built by David Weekley, this efficient "Environments For Living" certified home features stacked stone & metal elevation, a gated outdoor space, mahogany door, wood flooring, high ceilings, large windows w/ great views of the park from the living & primary bedroom. Spacious kitchen has granite counters, glass tile backsplash, big walk-in pantry & a breakfast bar w/ seating for 3. Awesome primary bedroom (17X14) w/ soaring vaulted ceilings, dreamy double-sided fireplace, 2 closets, primary bath w/ oversized jetted tub, fireplace & big shower w/ frameless glass! Vinyl low-E high performance windows, radiant barrier & in-wall pest defense system. Garage has custom flooring, fridge, front load W/D included! A bike path to Buffalo Bayou is proposed for Patterson St. Parking right in front, near restaurants, grocery stores, shopping & minutes from downtown!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017