247 May 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 |
|---|---|---|---|
| Aug 15, 2025 | Sold | ||
| Sold | |||
| Jun 8, 2025 | In contract | - | |
| In contract | |||
| May 27, 2025 | Price Decreased |
$559,000
↓ $16K
(2.8%) | |
| Price Decreased | |||
| Apr 29, 2025 | Listed | $574,900 | |
| Listed | |||
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Welcome to 247 May Street: a beautifully updated, move-in ready Colonial that perfectly blends classic charm with modern convenience. This spacious home features 3 generously sized bedrooms, 2.5 bathrooms, & a brand-new pergola over a low-maintenance composite deck – the ideal setup for entertaining or simply relaxing in your fully fenced, level backyard. The updated kitchen seamlessly connects to the family room, creating a warm space that’s perfect for hosting. The main floor also offers a formal living room, dining room, and a versatile bonus room with its own exterior entrance – ideal for a playroom, home office. You’ll also find a convenient guest bath and first-floor laundry. Upstairs, there are three bright bedrooms, each with ample closet space, and two full bathrooms. Notable updates within the last 10 years include: newer roof, windows, exterior paint, renovated kitchen & bathrooms, boiler, and a paved driveway. Located in West Side, near Polar Park, WOR State/Clark, MCO
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| Dec 16, 2024 | Temporarily off market | - | |
| Temporarily off market | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017