312 WALLACE AVENUE
About This Property
living room, dining area, kitchen and office space. The kitchen has stainless steel appliances. There is also a pantry in the kitchen and access to the basement. Plenty of room for storage in this DRY basement! The living room is just the right size. This room is currently divided creating an office space and rest area,
but their are many possibilities for the use of that space. The propane fireplace keeps this home warm on cold nights! Off of the living room is the half bath/laundry room (washer and dryer included) The screened room that overlooks the rear yard is the perfect place to relax and enjoy a peaceful evening. Upstairs features 3 bedrooms and a bathroom. The owners have taken great pride in the updating and upkeep of their home from beautiful landscaping to the essential updates, including roof (six years old), central air and heater four years old, and water heater seven years old, ensuring comfort and peace of mind. The energy efficient leased solar panels keep electric costs low. Sellers are offering a 1 year home warranty. Make your appointment 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%.
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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 14, 2025 | Sold | ||
| Sold | |||
| Oct 17, 2025 | In contract | - | |
| In contract | |||
| Sep 28, 2025 | Listed by BHHS Fox & Roach-Washington-Gloucester | $262,000 | |
| Listed by BHHS Fox & Roach-Washington-Gloucester | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017