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248 148th Street
About This Property
Inside, the main level offers separate living and dining rooms, a kitchen with granite countertops and gas cooking, an additional dining area and two sunrooms. Patio access makes it easy to move between indoor and outdoor spaces. Hardwood floors, high ceilings and two fireplaces-one gas and one wood-burning-add warmth and character, while a first-floor powder room provides everyday convenience.
All three bedrooms are upstairs, along with a full bathroom. The full basement includes a home office, recreation area, utility space and another full bathroom, providing space for work and hobbies. Central air conditioning, radiant heat in the bathrooms and conservatory, a full stand-up attic and an attached one-car garage complete the home.
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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 24, 2026 | Listed by Douglas Elliman Real Estate | $1,999,999 | |
| Listed by Douglas Elliman Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017