2485 Park Avenue
About This Property
Inside, you'll find three spacious bedrooms, 1.5 baths, a formal dining room, and a cozy living room centered around a gas fireplace. The sun-drenched porch features brand-new windows, making it the perfect spot to relax year-round. The gorgeous eat-in kitchen impresses with vaulted ceilings and plenty of room for gathering.
Additional highlights include a full, super-clean basement with an outside entrance, and a large two-car garage with an upper loft for storage or creative use. This is a rare opportunity to own a home that blends timeless character with modern comfort on one of the largest lots in the neighborhood.
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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 20, 2025 | Sold | ||
| Sold | |||
| Jul 1, 2025 | In contract | - | |
| In contract | |||
| Jun 5, 2025 | Listed by Douglas Elliman Real Estate | $749,000 | |
| Listed by Douglas Elliman Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017