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3 Cherry Street
About This Property
The main level features three spacious bedrooms, including a primary suite with its own private bath, a beautifully renovated full bathroom completed in 2025, a formal living room that seamlessly flows into the dining area, a large eat-in kitchen, and a versatile bonus room ideal as a den, family room, home office, or potential fourth bedroom.
A full basement provides over 1,000 square feet of additional space, offering endless possibilities for storage, recreation, or future customization. Storage is abundant throughout the home, including the basement, a pull-down attic, attached garage, and additional garage scuttle storage.
Situated on an expansive 8,000-square-foot lot, the property boasts tremendous curb appeal and a spacious outdoor setting perfect for entertaining, relaxing, or future enhancements. The deck located just off the kitchen creates a seamless indoor-outdoor flow, ideal for summer barbecues, morning coffee, or hosting guests.
Conveniently located near Sunrise Highway, major parkways, the LIRR, and just minutes from shopping, dining, nightlife, and entertainment.
Don't miss your chance to make 3 Cherry Street your next home-schedule your private showing today!
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017