2729 PERSHING Drive
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 8, 2025 | Sold | ||
| Sold | |||
| Jul 7, 2025 | In contract | - | |
| In contract | |||
| Jun 25, 2025 | Price Decreased |
$279,000
↓ $11K
(3.8%) | |
| Price Decreased | |||
| May 21, 2025 | Listed by RE/MAX Associates | $290,000 | |
| Listed by RE/MAX Associates | |||
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Charming Income-Producing Property with Airbnb Potential!
Welcome to this beautifully remodeled gem situated on a spacious corner lot in a fantastic location. This unique property offers a stylish, fully updated studio apartment in the rear—perfectly designed and currently operating as a successful Airbnb. With its blend of modern updates and original character, it's a true standout for both investors and homeowners alike.
Inside, you'll also find a cozy mini studio in the basement with a private entrance—ideal for additional rental income or as a guest suite. Whether you're looking to house hack or expand your investment portfolio, this property offers exceptional versatility and cash flow potential.
Don't miss your chance to own a move-in-ready home with built-in income streams in one of the city's most desirable neighborhoods!
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| Jan 28, 2022 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017