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18 Devon Place
About This Property
This 2 bedroom 1 bath home includes a private concrete driveway with parking for up to 3 cars, leading to a one-car garage at the end. A front porch offers a perfect spot for a relaxing morning cup of coffee while reading the paper. Upon entering the home, there is a small foyer and coat closet leading into the living room. Hardwood floors and white plantation shutters in almost every room make the home feel warm and inviting.
The open kitchen was beautifully renovated 10 years ago. It is fully equipped with stainless steel appliances, granite countertops, a tiled backsplash, and plenty of white cabinetry for storage. For added convenience, there is a pot filler faucet over the stove. The ceiling has recessed lighting and a picture window above the sink, with a garden view, allows for plenty of sunshine throughout the day. Off the kitchen is a door leading to the private fenced backyard, which features a beautifully landscaped garden and a covered outdoor patio perfect for relaxing or entertaining. The bathroom is nicely finished in neutral colors and has white wainscoting along the walls and tiled flooring. There is a walk-in shower and a vanity with a soapstone countertop. At the end of a small hallway is a separate dining room, offering the option for casual meals during the week or more formal dining when hosting friends and relatives for the holidays. The 2nd bedroom has a closet for hanging and storage and is large enough for a full bed. The master bedroom is right next door with a double closet and enough room for a queen size bed and dresser.
The basement awaits your vision and a contractor to further expand this useable space. The main wood-paneled room has been fully cleared out and would be perfect for a family room. There is a separate laundry room with a washer and dryer, plus 2 additional rooms that can be used for storage or whatever you imagine ( a separate bedroom and bathroom? ) The home has central air for the spring and summer and oil heat for fall and winter. A new roof and gutters were added 3--4 years ago. The owner installed solar panels, with 10 years remaining on the lease and very low monthly payments. The hot water heater is less than one year old.
A bus stop on the corner will take you to the ferry, making your commute into the city convenient and easy. Allison Pond and Silver Lake Park are nearby for walking and biking. Local groceries, including Keyfood, are just a short distance away. You will want to take advantage of the close proximity to The Snug Harbor Cultural Center and Botanical Garden and its year-round events.
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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 5, 2026 | In contract | - | |
| In contract | |||
| May 12, 2026 | Listed by SPIRAL NY Real Estate LLC | $709,000 | |
| Listed by SPIRAL NY Real Estate LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017