1602 Collins
About This Property
The home showcases unique built-in features, adding both character and practical storage throughout, along with durable tile flooring and a layout that flows comfortably from room to room.
A standout feature is the detached garage/workshop, offering valuable additional space for storage, hobbies, or potential workspace - a rare and highly desirable amenity in the area. The property also includes a private backyard with room to enhance, garden, or create your own outdoor retreat.
This property presents an excellent opportunity for owner-occupants or investors seeking a clean, functional home with upside potential. Conveniently located near local amenities and just minutes from the Colorado River.
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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 11, 2026 | Sold | ||
| Sold | |||
| Jul 10, 2026 | In contract | - | |
| In contract | |||
| May 27, 2026 | In contract | - | |
| In contract | |||
| Mar 31, 2026 | Listed by Preferred Home Brokers | $139,000 | |
| Listed by Preferred Home Brokers | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017