2S420 Madison Street
About This Property
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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 |
|---|---|---|---|
| Mar 31, 2023 | Sold | ||
| Sold | |||
| Sep 1, 2022 | Listed by Coldwell Banker Realty | $548,850 | |
| Listed by Coldwell Banker Realty | |||
| Oct 6, 2021 | No longer available | - | |
| No longer available | |||
| Mar 19, 2021 | In contract | - | |
| In contract | |||
| Jan 12, 2021 | Listed | $599,900 | |
| Listed | |||
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This special property is one of a kind. It includes one of the last buildable lots on Madison St.! Bustling New construction of incredible multi-million dollar homes surrounds this last unique opportunity with home and lot together. Siding to the Illinois Prairie Path and adjacent to St James Farm with 2 half acre lots that have separate parcel numbers, this is a great opportunity to design your own personal compound. This price includes both the charming front (VERY livable) home and also the additional buildable lot behind the home which is also listed separately on MLS. This home is a total gem, uniquely located next to the Prairie Path and includes an easement between your property and the Prairie Path to give you even more space. Inside, find the open concept home, including vaulted great room, open kitchen and 4 bedrooms. The first floor includes Vaulted Master bedroom suite w/ full luxury bath, office, bedroom and hall bath. Additional Two bedrooms and 3rd full bath are upstairs. Enjoy TOTAL peace and quiet from the hustle and bustle of hectic life, where you can just look out the windows and enjoy nature or walk the prairie path next door. This is a birdwatcher's dream! Enjoy this home, and also the opportunity to build on the rear property with a fully approved buildable lot. NO RESTRICTIONS ON BUILDING. (Unless the back lot is sold first, the owner will ONLY sell both properties together.) The VAULTED Living room overlooks the magnificent parklike yard. You can sit and relax under the shade of the beautiful Magnolia tree on your giant deck. Surrounded by multimillion new construction homes, these two properties afford limitless possibilities. You are free to Build new construction (small or large) or build studio, out building, etc, having no restrictions to build on the back half acre lot. Separate PP#0425400002. Close to everything, Wheaton schools, shopping, and transportation, this unique opportunity is a rarity not to be missed because this limitless possibility property doesn't come around often! The manager has listed the unit size as 2805 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017