392 Richard Street
About This Property
Move right in to this beautifully updated 3-bedroom ranch featuring a spacious living room, new flooring and fresh paint throughout and stylish modern lighting and fixtures. The kitchen has been tastefully updated, and the brand-new bathroom adds a fresh, contemporary touch. Major updates include a new roof with gutters (with warranty), new 200-amp electrical service and service entrance, a new furnace (also under warranty) equipped for central air, and new exterior doors. There is laundry hookup in one of the bedrooms. This home is conveniently located near schools, churches, restaurants, and shopping and offers both comfort and convenience in a highly desirable neighborhood. Don't miss your chance to own this move-in-ready gem-just unpack and enjoy. Seller will contribute $5000 toward buyers closing costs.
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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 |
|---|---|---|---|
| Jan 19, 2026 | Sold | ||
| Sold | |||
| Jan 16, 2026 | In contract | - | |
| In contract | |||
| Dec 3, 2025 | Price Decreased |
$215,000
↓ $5K
(2.3%) | |
| Price Decreased | |||
| Nov 5, 2025 | Price Decreased |
$220,000
↓ $5K
(2.2%) | |
| Price Decreased | |||
| Oct 13, 2025 | Price Decreased |
$225,000
↓ $10K
(4.3%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017