1511 I St
About This Property
Discover this adorable 1-bedroom, 1-bathroom home situated on a generous 0.22-acre city lot-offering plenty of space to build a garage or ADU. The fenced yard provides privacy, while the ample off-street parking adds convenience.
Inside, you'll find a large loft, perfect for a home office or extra storage. The kitchen is well-equipped with a gas range, dishwasher, tile floors, and newer stainless steel appliances. Step outside onto the new custom-built back deck, ideal for relaxing or entertaining. The beautifully landscaped yard includes a sprinkler system for easy maintenance.
This home is heated by a newer combi boiler (installed in 2019), providing efficient hot water baseboard heating and on-demand hot water. Additionally, the unfinished basement offers potential for customization.
With its prime location, modern updates, and expansion possibilities, this home is a fantastic opportunity!
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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 25, 2025 | Sold | ||
| Sold | |||
| Jul 2, 2025 | In contract | - | |
| In contract | |||
| Jun 10, 2025 | Price Decreased |
$535,000
↓ $15K
(2.7%) | |
| Price Decreased | |||
| May 3, 2025 | Price Decreased |
$550,000
↓ $14K
(2.5%) | |
| Price Decreased | |||
| May 1, 2025 | Relisted | $564,000 | |
| Relisted | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017