1604 4th Street NE
About This Property
Step inside to find a light filled interior with a warm and welcoming atmosphere. The layout offers generous living areas designed for both relaxation and gathering, while the functional kitchen provides the perfect space to cook and connect. Each bedroom offers comfort and versatility, making this home ideal for a variety of lifestyles.
Recent updates include a new roof installed in 2025, giving added peace of mind for years to come. Thoughtful features continue outdoors, where French doors lead to a covered back porch that steps down to an open deck, creating a seamless transition for indoor and outdoor living. This space is perfect for morning coffee, evening unwinding, or hosting friends and family.
Situated in an established neighborhood, this home offers both privacy and convenience with easy access to shopping, dining, and everyday amenities. Priced below tax value and being sold as is, this property presents a fantastic opportunity for buyers to add their own personal touch while gaining immediate value. Whether you are looking for a primary residence or an investment opportunity, 1604 4th Street NE offers space, potential, and a location that is hard to beat.
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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 |
|---|---|---|---|
| Jul 27, 2026 | Sold | ||
| Sold | |||
| Jul 4, 2026 | In contract | - | |
| In contract | |||
| May 15, 2026 | Price Decreased |
$250,000
↓ $20K
(7.4%) | |
| Price Decreased | |||
| May 13, 2026 | Price Decreased |
$270,000
↓ $3K
(1.1%) | |
| Price Decreased | |||
| May 7, 2026 | Price Decreased |
$273,000
↓ $2K
(0.7%) | |
| Price Decreased | |||
Property Highlights
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017