1516 Madison Ave
About This Property
One of the home's highlights is the spacious screened-in back porch-perfect for relaxing or entertaining year-round. The detached one-car garage adds convenience, while the separate backyard studio (complete with full electrical and a window AC unit) offers endless possibilities as a home office, creative space, or guest suite. The backyard has it all. With all the tall trees you have so much privacy and shade. You'll love the fresh figs and pecans.
Located just a short walk from parks, cozy coffee shops, bars, local grocers, yoga studios, and a beloved Little Deli & Pizzeria. You'll love the unbeatable walkability and community vibe. This lovingly maintained gem is move-in ready and waiting for you to make it your own.
Don't miss the opportunity to own this unique Crestview treasure!
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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 |
|---|---|---|---|
| Oct 7, 2025 | In contract | - | |
| In contract | |||
| Sep 25, 2025 | Relisted | $565,000 | |
| Relisted | |||
| Sep 15, 2025 | In contract | - | |
| In contract | |||
| Aug 30, 2025 | Price Decreased |
$565,000
↓ $15K
(2.6%) | |
| Price Decreased | |||
| Aug 13, 2025 | Relisted | $580,000 | |
| Relisted | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017