3662 Balsa 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 |
|---|---|---|---|
| Sep 30, 2025 | Sold | ||
| Sold | |||
| Sep 2, 2025 | In contract | - | |
| In contract | |||
| Jul 12, 2025 | Listed by Engel & Volkers Beverly HIlls | $350,000 | |
| Listed by Engel & Volkers Beverly HIlls | |||
| May 19, 2025 | Price Decreased |
$355,000
↓ $5K
(1.4%) | |
| Price Decreased | |||
| May 1, 2025 | Listed | $360,000 | |
| Listed | |||
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Welcome to your beautifully curated artist retreat nestled on a spacious half-acre of pristine desert landscape. This thoughtfully renovated 2-bedroom, 1-bathroom home combines comfort, style, and artistic flair. Step inside to find a seamless blend of modern luxury and creative charm, with custom artwork adorning each room--from vibrant canvases to colorful furniture arrangements that add character and warmth. The inviting living area offers a cozy escape for relaxation, while the adjoining kitchen boasts sleek countertops, farmhouse sink, an eye-catching iridescent backsplash, upgraded appliances, and ample storage space to inspire any chef. Both generously sized bedrooms serve as peaceful sanctuaries, each with a distinct style. The sophisticated shared bathroom features contemporary fixtures and finishes, with a touch of antique. Outside, the expansive half-acre lot invites endless possibilities for outdoor enjoyment. Whether you're sipping coffee on the back patio, hosting gatherings under the desert sky, or simply soaking up the tranquility, this property is a serene escape from the everyday. Added amenities, like the game room with poker, foosball and darts. Plus the backyard oasis featuring a cowboy tub, hot tub, tetherball, corn hole, and horseshoes, making this the ultimate spot for both relaxation and entertainment.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017