20
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23 Monroe Street
About This Property
Enjoy generous living spaces, well-kept interiors, and a backyard perfect for gatherings or quiet afternoons. The home is surrounded by excellent schools, neighborhood parks, and local shopping, all within minutes. For commuters, you'll benefit from easy access to major roadways and the nearby LIRR stations, connecting you quickly to NYC.
Whether you're a first-time buyer or looking to upgrade, this home offers the perfect balance of suburban tranquility and everyday convenience. Don't miss this chance to make it yours!
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Cap Rate Calculator
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 |
|---|---|---|---|
| Dec 10, 2025 | Sold | ||
| Sold | |||
| Sep 23, 2025 | In contract | - | |
| In contract | |||
| Jul 30, 2025 | Listed by Keller Williams Realty Greater | $995,000 | |
| Listed by Keller Williams Realty Greater | |||
Property Highlights
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Price/ft²
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About Franklin Square
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Data Source: OneKey MLS
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Address: 335 Madison Avenue, New York, NY 10017