171 Hobart St
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 |
|---|---|---|---|
| Dec 31, 2025 | Temporarily off market | - | |
| Temporarily off market | |||
| Oct 23, 2025 | Withdrawn | - | |
| Withdrawn | |||
| Sep 13, 2025 | Relisted | $400,000 | |
| Relisted | |||
| Jun 23, 2025 | In contract | - | |
| In contract | |||
| Jun 3, 2025 | Listed by Engel & Volkers By the Sea | $449,000 | |
| Listed by Engel & Volkers By the Sea | |||
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Nestled in the heart of the Historic District, this circa 1730 home offers a unique opportunity for renovation or redevelopment. Situated on a generous 1 acre lot, the property includes a detached 2 car garage and a spacious barn, providing ample space for workshops or additional storage. The residence features 3 bedrooms and 2 full bathrooms, with over 2,200 sq ft of living space, awaiting your vision to restore its original character or transform it into a modern masterpiece. Ideal for contractors or developers seeking a project with historical allure and substantial land.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017