38 Pearl St #2
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 |
|---|---|---|---|
| Jul 10, 2025 | Sold | ||
| Sold | |||
| Jun 4, 2025 | In contract | - | |
| In contract | |||
| May 15, 2025 | Listed | $499,000 | |
| Listed | |||
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Stunning, spotless, and completely renovated! Completely gut-rehabbed in 2017, meticulously designed with no detail spared. Featuring a new roof, new back porch, new heating system, fully updated electrical wiring, modern plumbing, sleek new windows, and an Ecobee thermostat. Enjoy bright, spacious bedrooms (even room for a home office!), a bright and beautiful tiled bathroom, and an inviting eat-in kitchen with granite countertops and sparkling stainless steel appliances. Gleaming hardwood floors flow seamlessly throughout. In-unit laundry tucked into a dedicated washer/dryer room. Renovated front and back porches. Central heating and cooling. Freshly painted throughout, this home features a deeded basement storage room for added space and organization. Close to popular shops, excellent schools, major roads, and public transportation routes. The perfect blend of modern amenities and unbeatable convenience. Deeded parking space. Pets allowed.
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| Oct 13, 2017 | Sold | ||
| Sold | |||
| Aug 4, 2017 | Listed by Compass | $359,000 | |
| Listed by Compass | |||
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New to the Market! Complete gut rehab second floor Condo! Brand new roof, brand new Heating System, brand new electrical, brand new plumbing, brand new windows offering 3 bedrooms, a new tiled bathroom, eat-in-kitchen including new stainless steel appliances and new granite counter tops, hardwood floors throughout the unit, washer/dryer room, renovated front and back wooden porches.Central heating/cooling. This unit also comes with deeded basement storage room. This unit also includes 1 deeded parking space with brand new paved driveway.Close to shops,schools, major roads, bus routes,etc.
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Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
05/15/2025
|
3 Bed
|
1 Bath
|
936 ft²
|
$499,000
3 Bed
1 Bath
936 ft²
|
$515,000
+3.21%
07/10/2025
|
Katherine Waters Clark
Compass
| |
|
07/15/2020
|
3 Bed
|
1 Bath
|
936 ft²
|
$429,000
3 Bed
1 Bath
936 ft²
|
$420,000
-2.10%
10/02/2020
|
Michelle Pena
Pena Realty Corporation
| |
|
08/22/2017
|
3 Bed
|
1 Bath
|
-
|
$379,000
3 Bed
1 Bath
|
$367,500
-3.03%
10/31/2017
|
Marina Kotlyar
RE/MAX Vision
| |
|
08/04/2017
|
3 Bed
|
1 Bath
|
1007 ft²
|
$359,000
3 Bed
1 Bath
1007 ft²
|
$361,800
+0.78%
10/13/2017
|
Katherine Waters Clark
Compass
| |
|
04/12/2015
| |
6 Bed
|
3 Bath
|
3381 ft²
|
$419,900
6 Bed
3 Bath
3381 ft²
|
$385,000
-8.31%
07/21/2015
|
Emma D'Angelo
Century 21 North Shore
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017