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3418 Grace Avenue
About This Property
Upstairs are two true bedrooms plus a flexible bonus room that works beautifully as a home office, dressing room, reading room, studio or play space. A Juliet balcony adds another charming detail. The walk-out lower level includes a full bathroom and useful space for gardening, projects, pets or storage.
Outside, the deep fenced yard offers the kind of room that can be difficult to find in the city, with plenty of space to garden, entertain or create a private outdoor retreat. At the rear of the property, the carriage house adds another layer of history and possibility. The main level provides one-car garage parking, while the upper level was previously configured as a one-bedroom loft-style apartment. Conveyed strictly as-is and in need of restoration, it offers an intriguing opportunity for a future guest space, studio, home office or potential rental.
With South Grand just one block away, neighborhood restaurants, coffee, shopping and everyday conveniences are all part of the lifestyle here.
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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 |
|---|---|---|---|
| Oct 30, 2026 | Sold | ||
| Sold | |||
| Oct 6, 2026 | In contract | - | |
| In contract | |||
| Sep 24, 2026 | Price Decreased |
$234,900
↓ $5K
(2.1%) | |
| Price Decreased | |||
| Aug 31, 2026 | Price Increased |
$239,900
↑ $12K
(5.5%) | |
| Price Increased | |||
| Apr 4, 2023 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017