227 Central Avenue
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 |
|---|---|---|---|
| Aug 12, 2026 | Sold | ||
| Sold | |||
| Jul 20, 2026 | In contract | - | |
| In contract | |||
| May 22, 2026 | Listed by Houlihan Lawrence Inc. | $3,395,000 | |
| Listed by Houlihan Lawrence Inc. | |||
| Nov 19, 2025 | Temporarily off market | - | |
| Temporarily off market | |||
| Sep 3, 2025 | Listed by Houlihan Lawrence Inc. | $3,395,000 | |
| Listed by Houlihan Lawrence Inc. | |||
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A sophisticated new build with a timeless design! Nestled on a beautifully landscaped .17-acre setting, this stunning new construction by acclaimed local builder Paul Varsames blends classic Colonial architecture with a modern, airy vibe. Offering 6 bedrooms and 6 full baths across 4,621 square feet, including a fully finished lower level, this home is designed for today’s lifestyle. Step inside to find an inviting open floor plan with large, gracious rooms, custom millwork, and exquisite craftsmanship throughout. The chef-friendly kitchen, complete with Thermador appliances and a spacious island, flows seamlessly into the sunlit family room with fireplace. A convenient home office, two fireplaces, and high-end finishes add comfort and functionality at every turn. The light-filled primary suite serves as a private retreat, boasting a spa-like bath with soaking tub and glass-enclosed shower. Secondary bedrooms are generously sized - all with ensuite baths, and the finished lower level offers flexible space for recreation, guests, or gym. With its blend of traditional elegance and modern sophistication, this residence is scheduled for completion in early summer 2026. Purchase early and collaborate with the in-house designer to tailor finishes and details to your needs.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017