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3961 Magee Ave
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 |
|---|---|---|---|
| Nov 4, 2025 | Sold | ||
| Sold | |||
| Oct 21, 2025 | In contract | - | |
| In contract | |||
| Oct 12, 2025 | Relisted | $799,000 | |
| Relisted | |||
| Oct 11, 2025 | In contract | - | |
| In contract | |||
| Sep 25, 2025 | Listed by Salt & Pine Real Estate | $799,000 | |
| Listed by Salt & Pine Real Estate | |||
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The Sweetest Little Jewel Box in Redwood Heights! Welcome to this utterly adorable bungalow that’s practically bursting with personality. Nestled in a quiet, storybook corner of Redwood Heights, this home is a true charm bomb; whimsical, warm & full of delightful surprises. Inside you’ll find hardwood floors, a cozy living room with a blue-tiled gas fireplace, and a cheerful eat-in kitchen with shaker cabinets, a brand new fridge and dishwasher, penny-round blue tile backsplash, and streams of natural light. Two bedrooms with generous closets and a clawfoot tub bathroom round out the main floor. The colorful laundry room opens to a sunny back patio where you can garden, lounge or throw a backyard BBQ. Accessed from the front of the home, the 381sf basement (with great ceiling height) is like a blank canvas for your imagination: storage, game room or even the potential for a dreamy 3rd bedroom with the addition of an internal staircase. Plus the finished detached garage offers even more versatility as an art studio, home office or gym. Upgrades include central AC & heat, new tankless gas water heater, new french drain system and seismic shearwall panels. Tucked in a charming, serene pocket of Redwood Heights, yet just moments from Hwy 13 and 580.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017