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3923 Alsace Street
About This Property
A custom-tiled front porch opens into an airy, open-concept living area. The modern kitchen features a waterfall quartz peninsula, herringbone backsplash, stainless steel LG appliances, and a spacious pantry. Luxury wood-look SPC flooring runs throughout.
The primary suite includes a walk-in closet and a versatile nook for a vanity or workspace, plus an ensuite bath with a frameless glass shower and dual sinks. The fully fenced backyard offers a concrete patio for outdoor relaxing or entertaining. Ample driveway and street parking. No HOA and outside the flood zone.
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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 1, 2026 | No longer available | - | |
| No longer available | |||
| Jun 3, 2026 | Price Decreased |
$275,000
↓ $10K
(3.5%) | |
| Price Decreased | |||
| May 22, 2026 | Price Decreased |
$284,999
↓ $10K
(3.4%) | |
| Price Decreased | |||
| May 14, 2026 | Price Decreased |
$294,999
↓ $5K
(1.7%) | |
| Price Decreased | |||
| Apr 1, 2026 | Listed by Legacy Living Real Estate LLC | $299,999 | |
| Listed by Legacy Living Real Estate LLC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017