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2 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 |
|---|---|---|---|
| May 5, 2026 | Sold | ||
| Sold | |||
| Mar 25, 2026 | In contract | - | |
| In contract | |||
| Mar 19, 2026 | Listed by Keller Williams Gateway Realty | $450,000 | |
| Listed by Keller Williams Gateway Realty | |||
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Here you'll find effortless single-level living in this updated ranch. New entry doors that open into a bright, versatile living space with hardwood floors and custom-crafted built-in shelving. The thoughtfully designed layout eliminates the burden of stairs, offering a seamless flow that is as functional as it is beautiful. The kitchen features granite countertops, newer appliances, and soft-close cabinetry. The bathroom has been renovated for ease of use with a wide, double-tiled walk-in shower and tile flooring complete with a laundry area. Neutral paint and recessed lighting, and the home has had a Mass Save audit with full blown-in insulation, a four-year-old water heater, and a durable new rubber roof for total peace of mind. The framed basement is plumbed with electric and heat for future expansion. Located with access to local shopping and major highways, this home is a rare "condo alternative" for barrier-free lifestyle.
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| Feb 27, 2006 | Sold | ||
| Sold | |||
| Jan 4, 2006 | Listed | $219,900 | |
| Listed | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017