23 SEVILLA STREET
About This Property
From the inviting front porch to the vibrant back deck, this home is full of charm. Inside the main house, you'll find 2 bedrooms, 1.5 baths, and a cozy yet spacious layout. The separate guest house features 1 bedroom, 1 bath, and sits above a 2-car garage, making it perfect for guests, extended family, or rental income.
With RS-1 zoning allowing for weekly rentals and ample parking, this property is a fantastic investment opportunity. Major updates include a 10-year-old roof, 2022 HVAC, and fully updated plumbing and electrical systems, ensuring modern convenience and peace of mind.
Whether you're looking for a multigenerational living space or a highly desirable short-term rental, this is an opportunity you don't want to miss.
All information pertaining to the property is deemed reliable, but not guaranteed. Information to be verified by the Buyer. Be advised that cameras may exist recording audio and video inside/outside the property, such as ring doorbells. Photos are digitally enhanced and could be altered, please verify.
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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 |
|---|---|---|---|
| Sep 3, 2025 | Sold | ||
| Sold | |||
| Aug 19, 2025 | In contract | - | |
| In contract | |||
| Jul 10, 2025 | Price Decreased |
$760,000
↓ $15K
(1.9%) | |
| Price Decreased | |||
| May 24, 2025 | Price Decreased |
$775,000
↓ $22K
(2.8%) | |
| Price Decreased | |||
| May 10, 2025 | Price Increased |
$797,000
↑ $40K
(5.3%) | |
| Price Increased | |||
Property Highlights
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About Flagler's Model Land
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017