37
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2954 Ave R
About This Property
Top Floor: hosts 3 well appointed bedrooms and a full bath, with west and south facing views.
Parlor Floor: you will find a sizable front porch, the entryway to the main house, a separate living room, separate dining room, half bath, an eat-in kitchen with dishwasher, a back porch, laundry and stairs leading to the backyard.
Garden level: there is a separate entrance from Herring street, with two bedrooms, a full bath with standup shower and a 2nd summer kitchen.
The upper two floors are mostly turn-key with a new bathroom at the top, the upper floors have been recently skimmed and painted, along with new screens and deep cleaning. The closets and the lower floor needs work. Priced accordingly! Additionally there is a garage and driveway attached and deeded to the house, 2 electric meters and a shed in the back, under this back porch, for storage. This home is an estate sale and it has been owned by the same family for over 60 years. All violantions have been resolved. The seller is motivated and ready for a fast close.
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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 |
|---|---|---|---|
| Oct 23, 2026 | Price Decreased |
$880,000
↓ $45K
(4.9%) | |
| Price Decreased | |||
| Oct 23, 2026 | In contract | - | |
| In contract | |||
| Sep 25, 2026 | Listed by Brown Harris Stevens Brooklyn LLC | $925,000 | |
| Listed by Brown Harris Stevens Brooklyn LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017