3245 Emerald Avenue
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 5, 2025 | Sold | ||
| Sold | |||
| Oct 6, 2025 | In contract | - | |
| In contract | |||
| Oct 4, 2025 | Listed by Franklin Realty | $335,000 | |
| Listed by Franklin Realty | |||
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Don't miss the chance to make this charming all-brick ranch your new home. From the welcoming covered front porch to the open back patio with sweeping views, every space invites you to relax and enjoy. Step inside to a light-filled living room overlooking the front yard, a well-designed kitchen, and a spacious den that's perfect for gathering. Down the hall, you'll find a primary suite with a full bath, plus two additional bedrooms near another full bath. This home has been thoughtfully updated with newer lighting, outlets, switches, pex plumbing lines, and a beautifully renovated bath. The roof is just three years old, the ductwork has been cleaned, and a new water heater was added in 2023—giving you peace of mind for years to come. Attached is a two-car garage with access from a quiet dead-end street, ensuring both convenience and privacy. The backyard offers a peaceful retreat, ideal for entertaining or simply unwinding at the end of the day.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017