2161 48Th Ave
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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%.
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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 |
|---|---|---|---|
| Apr 21, 2026 | Sold | ||
| Sold | |||
| Apr 4, 2026 | In contract | - | |
| In contract | |||
| Mar 19, 2026 | Listed by Red Oak Realty | $648,000 | |
| Listed by Red Oak Realty | |||
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Gardener's Delight with Major System Upgrades! Set above the street on a sunny stretch of 48th Ave, this home offers a rare blend of thoughtful upgrades, flexible living, and an expansive lot with front and back gardens-and room to grow*. The essentials have already been taken care of, with an updated roof, electrical, and plumbing. With added A/C, the home lives with ease and year-round comfort. The layout feels more spacious than expected, functioning as a 2-bedroom, 2-bath on the main level, plus a charming attic bonus space* with its own half bath-perfect for guests, creative use, or a private retreat. Step outside to a true urban oasis. A generous deck off the kitchen flows into a beautifully cultivated garden filled with fruits, vegetables, and space to gather and unwind. Enjoy an outdoor cooking area with sink and prep space, along with a studio*, pergola, raised beds, and garden shed-designed for both everyday living and connection. Set on a large lot with an additional electrical panel, the property offers future potential for expansion or an ADU*. A rare opportunity to enjoy comfort, flexibility, and homegrown living in one special place. *Buyer to investigate. OPEN SUN 2-4:30PM
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| Jan 2, 2020 | Sold | ||
| Sold | |||
| Oct 11, 2019 | Listed by KELLER WILLIAMS REALTY | $599,000 | |
| Listed by KELLER WILLIAMS REALTY | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017