40
Map
162 Cherry Street
About This Property
Completely restored to its original grandeur and taken to a new level with seamlessly integrated, premium comforts. The most welcoming living space allows for entertaining and creative interior design. A style and grace that is rarely available today. Large ballroom living room with dual marble fireplaces. Intimate library/parlor room with original wood built-in cabinetry and ceramic tile Fireplace. Dining room with the original cabinetry and wainscoting. Brand new custom Kitchen featuring Carrara marble counters and island with chef quality appliances. Adjacent prep kitchen with wolf stove, beverage refrigerator and second dishwasher and sink. Primary Bedroom suite with fireplace, dressing room and luxurious marble bath. Jack and Jill bedrooms with full bath and two fireplaces. Guest Suite with hall bath. Bonus top floor with 10-foot ceilings and sun filled spaces. Flexible 6 room top level for cozy living or quiet office. With a full bath and kitchenette ready to be customized. Elegant features: Original hardwood floors with inlay. 7 original Fireplaces, brand-new high-tech heating and cooling system, all updated plumbing and electric, landscaped and fenced yard, Gazebo, and two car detached garage. Wrap around stone walls, driveway and wrought iron gates. Large private pool site. Close to the village, train, shopping and highways.
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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 |
|---|---|---|---|
| Dec 1, 2025 | Sold | ||
| Sold | |||
| Oct 18, 2025 | In contract | - | |
| In contract | |||
| Sep 19, 2025 | Price Decreased |
$2,750,000
↓ $250K
(8.3%) | |
| Price Decreased | |||
| May 17, 2025 | Price Decreased |
$2,999,999
↓ $495K
(14.2%) | |
| Price Decreased | |||
| Mar 18, 2025 | Listed by Douglas Elliman Real Estate | $3,495,000 | |
| Listed by Douglas Elliman Real Estate | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017