1517 MISSOURI
About This Property
Property Highlights:
A solid-construction, well-distributed 2-bedroom, 2-bathroom home, move-in ready. Carefully updated with a newer AC unit, kitchen, washer, and dryer-all in like-new condition-offering the comfort of a modern home that blends durability, history, and high potential for steady appreciation.
Detached Multi-Use Space: A block-construction garage transformed into a private studio with a full bathroom, air conditioning, and elegant wood ceilings. Equipped with a refrigerator and microwave, this space offers unlimited potential as a private office, personal retreat, and more.
Oversized Lot Versatility: Enjoy a spacious and private outdoor area. Thanks to its direct Alley Access, the property provides unparalleled convenience for parking an RV, boat, or additional vehicles.
RV Connection: This space includes an RV hookup and currently houses an operational RV (2025 model). Note: The RV is not included in the sale price, but the owner is open to negotiating its inclusion through a separate Bill of Sale, offering the buyer an opportunity to acquire an asset.
This property is more than just a home; it is a tool with great rental income potential. Strategically located near shopping and major roads, it offers the perfect balance between the tranquility of a historic neighborhood and the profitability of a multifunctional asset.
Don't miss this strategic opportunity! Contact us today to schedule your private showing.
Buyer must conduct their own due diligence regarding measurements and zoning. Please submit all offers with proof of funds or a pre-approval letter to the listing agent.
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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 |
|---|---|---|---|
| Sep 18, 2026 | Sold | ||
| Sold | |||
| Jul 31, 2026 | In contract | - | |
| In contract | |||
| Jul 3, 2026 | Price Decreased |
$249,900
↓ $5K
(2%) | |
| Price Decreased | |||
| May 18, 2026 | Price Decreased |
$254,900
↓ $11K
(4.1%) | |
| Price Decreased | |||
| May 4, 2026 | Price Decreased |
$265,900
↓ $4K
(1.3%) | |
| Price Decreased | |||
Property Highlights
Building Info
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Price/ft²
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017