209 3rd Avenue
About This Property
With 3 bedrooms and 2 bathrooms, the home provides a functional layout suited for families, guests, or those who simply enjoy a bit of extra space. The property sits on a nice sized lot dotted with multiple outbuildings, perfect for storage, hobbies, workshops, or future projects.
Whether you're drawn to its history or its potential, this well-loved home is ready for its next chapter. Buyers should verify the room dimensions.
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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 |
|---|---|---|---|
| Aug 12, 2026 | Price Decreased |
$265,000
↓ $10K
(3.6%) | |
| Price Decreased | |||
| Jul 14, 2026 | Price Decreased |
$275,000
↓ $5K
(1.6%) | |
| Price Decreased | |||
| Jun 3, 2026 | Price Decreased |
$279,500
↓ $5K
(1.8%) | |
| Price Decreased | |||
| Apr 24, 2026 | Price Decreased |
$284,500
↓ $3K
(0.9%) | |
| Price Decreased | |||
| Dec 9, 2025 | Listed by Leyco Real Estate | $287,000 | |
| Listed by Leyco Real Estate | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017