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1501 STEVENSONS DRIVE
About This Property
Opportunity is knocking in this 4 bedroom, 1 bath, single-family home sitting proudly on a spacious corner lot. This property needs full updating throughout - perfect for a handyman or first-time homebuyer looking to build instant equity and customize a home to their taste. Inside, the home offers a functional split layout and generous bedroom sizes. With cosmetic updates, this property can transform into a beautiful primary residence or a strong long-term rental. Possibility may exist to have zoning re-classified to best utilize this 100 x 100 property. Potential buyers advised to perform all due diligence as needed.
Priced to move, this is one of the best values in the area for anyone ready to roll up their sleeves and create something special.
Bring your vision, your tools, and make this home shine again.
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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 |
|---|---|---|---|
| Aug 28, 2026 | Sold | ||
| Sold | |||
| Aug 21, 2026 | In contract | - | |
| In contract | |||
| Aug 16, 2026 | Relisted | $229,500 | |
| Relisted | |||
| Aug 6, 2026 | In contract | - | |
| In contract | |||
| Aug 5, 2026 | Relisted | $229,500 | |
| Relisted | |||
Property Highlights
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017