242 Backstays LOOP
About This Property
Upstairs, you'll find an oversized bonus/game room and three additional bedrooms, perfect for guests or a growing household. The home has been freshly updated with refreshed landscaping, new paint, and flooring, and the fully fenced yard is ready for play or relaxation. Enjoy resort-style amenities including pickleball courts, swimming pool, picnic and playground areas, dog park, and walking trails. A new elementary school is under construction within walking distance-adding to the already incredible convenience of this location.
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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 |
|---|---|---|---|
| Jan 31, 2026 | In contract | - | |
| In contract | |||
| Jan 22, 2026 | Price Decreased |
$350,000
↓ $35K
(9.1%) | |
| Price Decreased | |||
| Jan 4, 2026 | Price Decreased |
$385,000
↓ $14K
(3.5%) | |
| Price Decreased | |||
| Dec 9, 2025 | Relisted | $399,000 | |
| Relisted | |||
| Nov 27, 2025 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017