245 Smith St
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 |
|---|---|---|---|
| Oct 15, 2025 | Sold | ||
| Sold | |||
| Sep 11, 2025 | In contract | - | |
| In contract | |||
| Sep 4, 2025 | Listed by Lock and Key Realty Inc. | $699,000 | |
| Listed by Lock and Key Realty Inc. | |||
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**Highest & Best Offer Tuesday 9/9 6pm** Built in 2004, this exceptional property combines timeless design with modern function. Privately tucked away, it features 3 oversized bedrooms and 3 baths, massive great/flex room highlighted by a stunning turret that elevates the home’s curb appeal. At the heart of the home is a chef-inspired kitchen offering every amenity a cook or entertainer could desire. An oversized island with seating for four anchors the space, complemented by quality cabinetry, warm-toned stone countertops, and an efficient, thoughtful layout. Gleaming hardwood floors flow throughout. The primary suite is a true retreat, featuring a luxurious soaking tub, walk-in shower, and generous customer closet space. A true walkout basement presents exciting potential for a future accessory dwelling unit (ADU), making this home not only beautiful but also a smart value-add opportunity. This is a rare chance to own a thoughtfully designed property in a private setting.
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| May 29, 2015 | Sold | ||
| Sold | |||
| Mar 23, 2015 | Listed by The Mello Group, Inc. | $424,900 | |
| Listed by The Mello Group, Inc. | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017