2805 Parrott Avenue
About This Property
Welcome to this well-maintained 3-bedroom, 2-bath home offering comfort, functionality, and great investment potential. The open dining area features a high bar-top counter overlooking the kitchen, perfect for casual dining or entertaining. A versatile loft upstairs provides additional living space ideal for an office, guest room, or play area.
Enjoy outdoor living with both a covered front patio and a large covered back patio, perfect for relaxing or hosting gatherings. Additional features include a concrete side driveway and a storage shed for extra convenience.
The property also includes a detached 2-bedroom, 1-bath apartment with a full kitchen, accessible from the alley. This unit is currently leased month-to-month for $1,100 a month, offering immediate rental income potential or space for extended family.
This home combines comfort, flexibility, and income opportunity - a must-see for homeowners and investors alike.
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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 |
|---|---|---|---|
| Mar 10, 2026 | Sold | ||
| Sold | |||
| Feb 17, 2026 | In contract | - | |
| In contract | |||
| Jan 21, 2026 | Price Decreased |
$190,000
↓ $18K
(8.7%) | |
| Price Decreased | |||
| Nov 26, 2025 | Price Decreased |
$208,000
↓ $12K
(5.5%) | |
| Price Decreased | |||
| Nov 6, 2025 | Listed by EG Realty | $220,000 | |
| Listed by EG Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017