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2823 Sherwin Street
About This Property
This multi-level layout offers natural separation while maintaining an open feel with high ceilings, natural light, & hardwood floors. First-floor living allows seamless entertaining, with the kitchen flowing into the main living area. A bedroom on the same floor as the primary is perfect as a nursery or home office, while the expansive primary suite features a large flex space ideal for a sitting area or workspace. Elevator-ready construction adds flexibility, with additional levels offering versatile living & ample storage.
Recent updates include HVAC (2019), a 2024 water heater, & double pane windows for efficiency.
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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 |
|---|---|---|---|
| Sep 11, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Sep 10, 2026 | Listed by Keller Williams Realty Metropolitan | $494,990 | |
| Listed by Keller Williams Realty Metropolitan | |||
| Aug 7, 2026 | Price Decreased |
$507,000
↓ $18K
(3.4%) | |
| Price Decreased | |||
| Aug 1, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Jul 31, 2026 | Listed by Keller Williams Realty Metropolitan | $524,990 | |
| Listed by Keller Williams Realty Metropolitan | |||
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Nestled in a gated Heights community, this home offers an unbeatable location near walking trails, top dining, shopping, & everyday essentials, with quick freeway access for an easy commute. Rare guest parking makes hosting friends & family effortless, a true bonus for the area.
This multi-level layout offers natural separation while maintaining an open feel with high ceilings, natural light, & hardwood floors. First-floor living allows seamless entertaining, with the kitchen flowing into the main living area. A bedroom on the same floor as the primary is perfect as a nursery or home office, while the expansive primary suite features a large flex space ideal for a sitting area or workspace. Elevator-ready construction adds flexibility, with additional levels offering versatile living & ample storage.
Recent updates include HVAC (2019), a 2024 water heater, & double pane windows for efficiency.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017