1615 Locust St
About This Property
The main floor features a spacious living room with a decorative fireplace, hardwood floors throughout, a dining room, two generously sized bedrooms with walk-in closets, and a full bathroom.
The well-appointed gourmet kitchen features stainless steel appliances, slab granite and lots of cabinet storage - perfectly designed for entertaining and functionality. The open floor plan creates the perfect flow from one room to the next and provides a captivating setting.
The basement features a large, non-conforming bedroom with 3/4 bathroom and two large walk-in closets. This room could also function as a family or entertainment room. The decorative ceiling makes this basement feel very luxurious and has endless potential.
A private backyard with mature trees and a large covered porch creates the perfect setting for entertaining and grilling. The home has a new furnace and AC, water heater, roof, new gutters, fresh paint throughout, new masonry steps, and a front porch. The sewer line was replaced in spring 2021.
Amazing location near shops, restaurants, and coffee shops. Come and visit this home, the neighborhood, and the people who make it a truly wonderful place to call home.
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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 |
|---|---|---|---|
| Apr 4, 2025 | Sold | ||
| Sold | |||
| Mar 21, 2025 | In contract | - | |
| In contract | |||
| Mar 17, 2025 | Listed by Urban Realty LLC | $795,000 | |
| Listed by Urban Realty LLC | |||
| Oct 1, 2024 | Relisted | $837,500 | |
| Relisted | |||
| Sep 23, 2024 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017