385 1St Avenue
About This Property
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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 1, 2025 | In contract | - | |
| In contract | |||
| Mar 27, 2025 | Price Decreased |
$289,900
↓ $5K
(1.7%) | |
| Price Decreased | |||
| Feb 12, 2025 | Price Decreased |
$294,900
↓ $5K
(1.7%) | |
| Price Decreased | |||
| Jan 8, 2025 | Listed | $299,900 | |
| Listed | |||
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Nestled on over a third of an acre, this well-maintained 3-bedroom home offers comfort, charm, and plenty of modern updates. Step inside to discover a spacious main level featuring a cozy woodstove, perfect for frigid nights, and large front windows that flood the living space with natural light while framing breathtaking mountain views. The large kitchen is a chef's dream, boasting abundant hickory cabinets, a central island, and ample space for cooking and gathering. The upstairs loft serves as the serene primary bedroom, while the two additional bedrooms on the main level provide plenty of options for family, guests, or a home office. Recent upgrades include new wiring in 2021 and fresh attic insulation in 2022, ensuring comfort and efficiency for years to come. Outside, you'll find a wrap-around deck ideal for entertaining, a private backyard retreat, and a two-car garage with plenty of storage. This inviting property is a true gem, blending modern conveniences with rustic charm in a peaceful setting. Don't miss your chance to call it home!
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| Nov 3, 2022 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017