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2827 Philip Avenue
About This Property
Brick single-family home on a corner lot in Throggs Neck.
The main level has a living room with hardwood floors and an eat-in kitchen with good cabinet storage and access to the rear of the house. The three bedrooms are well-sized with natural light and ample closet space.
The finished walkout basement includes a second kitchen, a full bathroom, recessed lighting, and wood-look flooring-usable as in-law space, a guest area, or flexible living space.
Outside, the corner lot gives you a large backyard with a patio and pergola. A private driveway and attached one-car garage provide off-street parking, which is hard to come by in the area.
Two blocks from the BxM9 express bus and the Bx40/Bx42 local lines, and close to East Tremont Avenue for shops, restaurants, and retail.
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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 |
|---|---|---|---|
| Sep 30, 2026 | Sold | ||
| Sold | |||
| Jul 17, 2026 | In contract | - | |
| In contract | |||
| Jun 30, 2026 | Listed by Dobbs Realty Corporation | $649,999 | |
| Listed by Dobbs Realty Corporation | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017