3 MADISON PLACE
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 |
|---|---|---|---|
| Nov 21, 2025 | Sold | ||
| Sold | |||
| Aug 16, 2025 | In contract | - | |
| In contract | |||
| Jun 19, 2025 | Price Decreased |
$173,200
↓ $2K
(1%) | |
| Price Decreased | |||
| Mar 14, 2025 | Listed | $175,000 | |
| Listed | |||
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New Construction of Manufactured Home. THERE IS NO MODEL ON SITE QUITE YET. Home is expected to be delivered beginning of April 2025. New Colony model with open floor plan. Utility room has washer and dryer hook up. Do not delay! Residents must be park approved and an application is available at the park office. Credit score must be at least 640. Pets are permitted with some restrictions. Photos are for illustrative purposes only.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017