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1531 Hone Avenue
About This Property
Step into this gorgeous home featuring three spacious bedrooms and two newly renovated bathrooms. Enjoy a freshly updated, open-concept kitchen with a large island-ideal for entertaining and everyday living. The private backyard is perfect for gatherings and features a spacious shed for additional storage. Central air conditioning adds comfort to this home that's tucked away on a quiet private street, yet just minutes from shopping, dining, and public transportation. This home is the perfect blend of modern style, comfort, and accessibility-move-in ready and waiting for you! Two off-street parking spots are available immediately, with credit given for parking at closing, adding extra convenience.
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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 |
|---|---|---|---|
| Jan 23, 2026 | Sold | ||
| Sold | |||
| Dec 18, 2025 | In contract | - | |
| In contract | |||
| Aug 1, 2025 | Price Decreased |
$650,000
↓ $30K
(4.4%) | |
| Price Decreased | |||
| Jul 10, 2025 | Price Decreased |
$680,000
↓ $20K
(2.9%) | |
| Price Decreased | |||
| May 12, 2025 | Listed by Coldwell Banker Realty | $700,000 | |
| Listed by Coldwell Banker Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017