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3508 JOANN DRIVE
About This Property
Welcome to 3508 Joann Dr-an estate sale with solid potential and serious upside. This 3-bedroom, 1-bath home with a full basement and fireplace has been meticulously maintained over the years, though it now awaits a modern touch. Personal belongings from the previous owner remain in place, offering a glimpse into its lived-in charm. Perfect for investors seeking their next renovation or rental project, this property offers good bones, vintage character, and a price point that leaves plenty of room for improvement. Sold strictly AS-IS, this is a prime chance to bring new life to a well-loved home in a desirable area. Don't miss the chance to turn this classic into your next success story.
Deadline for Friday 8/1 at 4pm for all Offers
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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 |
|---|---|---|---|
| Apr 24, 2026 | Sold | ||
| Sold | |||
| Apr 19, 2026 | No longer available | - | |
| No longer available | |||
| Mar 18, 2026 | Relisted | $415,000 | |
| Relisted | |||
| Mar 18, 2026 | Price Decreased |
$399,000
↓ $16K
(3.9%) | |
| Price Decreased | |||
| Feb 10, 2026 | In contract | - | |
| In contract | |||
Property Highlights
Building Info
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About Milford Mill
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$2,300 /mo
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$2,499 /mo
- 3 Beds
- 2 Baths
- 1,350 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017