2965 36th Avenue SE
About This Property
Enjoy crisp, clean water throughout the entire home thanks to a full-house reverse osmosis system. Additional upgrades include an 8-year-old A/C unit, a 2017/2018 roof, newer solar panels (2025), a brand-new septic system, and well water, providing both comfort and independence.
Situated on 2.27 acres, the property also includes two sheds, a greenhouse, and an enclosed front lanai offering space, privacy, and endless possibilities. As a bonus, the seller is including a riding lawn mower at no additional cost to help maintain the expansive grounds. Don't miss this rare opportunity to enjoy land, modern upgrades, and peaceful living all in one place!
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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 |
|---|---|---|---|
| Dec 5, 2025 | Sold | ||
| Sold | |||
| Nov 10, 2025 | Price Decreased |
$520,000
↓ $50K
(8.8%) | |
| Price Decreased | |||
| Nov 6, 2025 | In contract | - | |
| In contract | |||
| Oct 30, 2025 | Price Decreased |
$569,999
↓ $20K
(3.4%) | |
| Price Decreased | |||
| Sep 26, 2025 | Price Decreased |
$589,999
↓ $5K
(0.8%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017