57
Map
38 1st Avenue
About This Property
The interior features new flooring installed in 2020, creating a fresh and cohesive feel throughout. The updated kitchen is a standout, offering beautiful cabinetry, stone countertops, and upgraded appliances, perfect for everyday living and entertaining. A first-floor office provides flexible space for remote work or study, while the conveniently located laundry room with washer and dryer adds to the home's functionality. A mudroom area helps keep everything organized.
Upstairs, the private primary suite includes large closets and a full bathroom, creating a comfortable retreat. Two additional bedrooms provide ample space for family or guests. Major updates bring peace of mind, including electrical improvements completed in 2019 and 2024. Outside, the property truly shines. The side porch was redone in 2020, while the front porch features a brand-new Trex deck installed in 2025, offering low-maintenance durability. The backyard was landscaped in 2024 and now includes a custom seating area and a unique outdoor movie space, perfect for relaxing or entertaining. A turf playground area installed in 2025 adds even more usability. Located in the heart of Broadalbin, this home offers easy access to local amenities, schools, and major routes. A perfect blend of updates, space, and outdoor living--this is one you won't want to miss!
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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 |
|---|---|---|---|
| Jul 15, 2026 | Sold | ||
| Sold | |||
| May 28, 2026 | In contract | - | |
| In contract | |||
| May 23, 2026 | Price Decreased |
$314,900
↓ $20K
(6%) | |
| Price Decreased | |||
| May 12, 2026 | Price Decreased |
$334,900
↓ $15K
(4.3%) | |
| Price Decreased | |||
| Apr 26, 2026 | Listed by Inglenook Realty Inc | $349,900 | |
| Listed by Inglenook Realty Inc | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017