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About This Property
The detached Cape Cod-style carriage house has been thoughtfully converted into an adorable ADU currently generating $2,000 per month in rental income, creating exceptional flexibility for guests, office space, multigenerational living, or supplemental income - a rare feature in such a prime urban location.
Properties offering this combination of historic character, flexible living space, income potential, and prime location are exceptionally rare.
The low-maintenance brick exterior, large windows, and abundant southern exposure fill the home with natural light and provide picturesque garden views throughout. Meticulously maintained, the high-end double-pane windows, new interior paint, sprinkler system, and a recently remodeled primary bath make the home move-in ready and easy to enjoy.
Historic details have been meticulously preserved, including original hardwood floors, pocket doors, wood trim, staircase, fireplace, and period light fixtures. The flexible main floor layout includes a bedroom and full bath, along with formal living and dining rooms and a private study. The spacious kitchen offers a walk-in pantry, generous cabinet storage and a efficient layout for cooking and entertaining.
Upstairs, you'll find two additional bedrooms, a custom walk-in closet, and a large remodeled bathroom.
Located on one of the neighborhood's most desirable blocks, the home is a 5-minute walk to RiNo's acclaimed restaurants and entertainment venues, Curtis Park and its new pool, and the Montessori School
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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 |
|---|---|---|---|
| Jun 17, 2026 | Sold | ||
| Sold | |||
| May 19, 2026 | In contract | - | |
| In contract | |||
| May 13, 2026 | Listed | $1,200,000 | |
| Listed | |||
| Sep 19, 2025 | Price Decreased |
$1,299,000
↓ $1K
(0.1%) | |
| Price Decreased | |||
| Jun 5, 2025 | Price Decreased |
$1,300,000
↓ $75K
(5.5%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017