3112 THOMAS Street
About This Property
**Perfect Bungalow setup for Homeowners who like to entertain!***
Located in a stable, rapidly growing neighborhood, this property is perfect for investors or as a primary residence. Recent upgrades include a remodeled bath, updated vinyl plank flooring, fresh interior paint, and new kitchen counters. While it needs some TLC, a little creativity could transform this home into a modern masterpiece or a lucrative rental. The seller offers a credit toward the garage roof repair with a full-price offer-ideal for converting the garage into a studio for additional income. Previously rented for $950/month, it now has the potential to earn $1100-$1200/month, with an additional $600+ from a garage conversion. With a large carport and spacious paved backyard, this property is a **HUGE CASH FLOW OPPORTUNITY!**
Payment Calculator
Your Estimated Monthly Payment
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 |
|---|---|---|---|
| Apr 1, 2025 | No longer available | - | |
| No longer available | |||
| Sep 19, 2024 | Listed by JPAR CITY AND BEACH | $130,000 | |
| Listed by JPAR CITY AND BEACH | |||
| Oct 21, 2021 | Sold | ||
| Sold | |||
| Jul 19, 2021 | Listed by JPAR CITY AND BEACH | $73,000 | |
| Listed by JPAR CITY AND BEACH | |||
| Feb 13, 2020 | Sold | ||
| Sold | |||
Property Highlights
Building Info
Comparables
Status
Price/ft²
Listed On
Sold On
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017