27
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1620 CHERRY Street
About This Property
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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 |
|---|---|---|---|
| Sep 17, 2026 | Price Decreased |
$500,000
↓ $20K
(3.9%) | |
| Price Decreased | |||
| Jun 23, 2026 | Listed by OPENDOOR BROKERAGE, LLC. | $520,000 | |
| Listed by OPENDOOR BROKERAGE, LLC. | |||
| Sep 5, 2025 | Price Decreased |
$539,000
↓ $11K
(2%) | |
| Price Decreased | |||
| Jul 17, 2025 | Listed | $549,900 | |
| Listed | |||
| | |||
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Motivated Sellers! Discover the perfect blend of historic charm and modern comfort in this beautifully updated pool home. From the moment you arrive, the classic brick walkway and timeless curb appeal invite you in.
Step inside to a bright, welcoming foyer where refinished hardwood floors and oversized windows showcase the home's character and warmth. The spacious living and dining rooms flow seamlessly into a stylishly renovated kitchen, complete with stainless steel appliances, contemporary finishes, and generous storage. A sunny breakfast room just off the kitchen overlooks the backyard and offers easy access to a convenient half bath. Upstairs, you'll find well-appointed bedrooms and two updated bathrooms that strike the perfect balance between classic design and modern upgrades. Outside, your backyard oasis awaits—featuring a large pool and covered seating area, ideal for relaxing or entertaining year-round. Recent updates include:
Tankless water heater (2023)
Downstairs A/C (2021)
Interior paint
Kitchen & bathroom renovations
This is a rare opportunity to own a historic home with today's amenitiesdon't miss your chance to make it yours!
| |||
| Jun 24, 2025 | Price Decreased |
$559,000
↓ $40K
(6.7%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017