227 Water 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 |
|---|---|---|---|
| Mar 27, 2026 | Sold | ||
| Sold | |||
| Feb 4, 2026 | In contract | - | |
| In contract | |||
| Jan 28, 2026 | Listed by Lamacchia Realty, Inc. | $739,900 | |
| Listed by Lamacchia Realty, Inc. | |||
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From the moment you step inside, this Colonial feels bright, welcoming, and effortlessly put together. Hardwood floors and recessed lighting set the tone on the main level, anchored by a spacious kitchen with stone countertops, stainless appliances, a generous breakfast bar, pantry storage, and easy access to the deck—perfect for morning coffee or summer dinners outside. The dining area’s fireplace adds a cozy note, while the living room offers flexible space to gather, unwind, or entertain. Upstairs, the primary suite features a walk-in closet and private bath with double vanity and tiled shower, alongside two additional bedrooms, dedicated laundry room and full bath. The finished lower level extends the living space with walk-out access, ideal for a home office or gym. Fully fenced, level yard is adjacent to the aqueduct trails providing privacy and excellent walking. This home also offers central air, two-car attached garage, and easy access to parks, schools, and major routes.
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| Jul 8, 2022 | Sold | ||
| Sold | |||
| Apr 28, 2022 | Listed by Berkshire Hathaway HomeServices Stephan Real Estate | $699,000 | |
| Listed by Berkshire Hathaway HomeServices Stephan Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017