346 88th Street
About This Property
The home features a comfortable layout with generous living space, filled with natural light and original architecture. The seller owned this lovely property for 60 years and maintained it beautifully. Whether you are looking to move right in, renovate, or customize to your taste, this property provides the perfect canvas.
Ideally located just minutes from shopping, restaurants, parks, and public transportation, residents enjoy the best of Bay Ridge living. The neighborhood is known for its strong sense of community, beautiful streets, and convenient access to Manhattan. The highlight is that you are only three blocks from the promenade! Enjoy the views of the Verrazano Bridge and the gorgeous sunsets. This is a fantastic opportunity to own this gem - blink and it's gone!
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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 |
|---|---|---|---|
| Jun 16, 2026 | Sold | ||
| Sold | |||
| Apr 8, 2026 | In contract | - | |
| In contract | |||
| Mar 4, 2026 | Listed by Keller Williams Realty NYC Grp | $1,150,000 | |
| Listed by Keller Williams Realty NYC Grp | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017