317 Cherry Ave
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 |
|---|---|---|---|
| Sep 16, 2026 | Withdrawn | - | |
| Withdrawn | |||
| Aug 3, 2026 | Price Decreased |
$580,000
↓ $55K
(8.7%) | |
| Price Decreased | |||
| Jun 27, 2026 | Price Decreased |
$634,900
↓ $10K
(1.6%) | |
| Price Decreased | |||
| Jun 18, 2026 | Price Decreased |
$644,900
↓ $5K
(0.8%) | |
| Price Decreased | |||
| May 4, 2026 | Listed | $650,000 | |
| Listed | |||
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Schedule your showing today and don't miss this incredible opportunity to own a spacious property with endless possibilities. Situated on a large 15,675 sq. ft. lot, this 4-bedroom, 3-bath ranch-style home features mature trees, abundant parking, alley access, and an oversized 2-car garage.A standout feature of the property is the impressive 40' x 47' heated shop along with a fully functioning greenhouse, making this an ideal setup for hobbyists, business (if approved by town), gardeners, or anyone needing extra workspace and storage. The large fenced backyard includes a storage shed, plus an additional fenced area offering even more flexibility for animals, equipment, or recreational use.Inside, the home offers an updated primary suite and bath, a spacious kitchen, and three additional basement bedrooms, providing ample room for a variety of living arrangements and needs. Recent improvements include a newer roof, gutters, and solar system, which will be fully paid off at closing so the new owner can immediately enjoy the energy-saving benefits. The solar system currently supports the home, shop, and greenhouse, helping keep all spaces powered and heated efficiently.This unique property truly must be seen to be appreciated. With plenty of room for toys, animals, hobbies, or work projects, plus no HOA and no metro tax, this is a rare find with exceptional versatility and value. Buyer to verify all information provided.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017