397 Back Bay
About This Property
Payment Calculator
Your Estimated Monthly Payment
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 |
|---|---|---|---|
| Aug 27, 2025 | Sold | ||
| Sold | |||
| Jul 29, 2025 | In contract | - | |
| In contract | |||
| Jul 23, 2025 | Price Decreased |
$230,000
↓ $5K
(2.1%) | |
| Price Decreased | |||
| Jun 3, 2025 | Listed by COLDWELL BANKER ADVANTAGE #5 (SANFORD) | $235,000 | |
| Listed by COLDWELL BANKER ADVANTAGE #5 (SANFORD) | |||
| | |||
|
Seller has outgrown this beautifully updated 2-bedroom, 2-bathroom home nestled in a gated community rich with amenities and charm. Since October 2023, the owners have poured over $30,000 into thoughtful upgrades, creating a modern, move-in-ready space. The kitchen is a standout, featuring brand-new cabinetry, extended countertops, added pantry space, and a widened entryway with a cutout to the living room—perfect for open-concept living. A custom half-wall for the fridge and added overhead cabinet maximize both style and storage. The entire home has been refreshed with new paint, baseboards, trim, blinds, a newly added hall closet, and practical laundry shelving. The kitchen’s popcorn ceiling is gone. Outside, the driveway has been professionally paved, flowerbeds revitalized, and the backyard cleared, offering a blank canvas for outdoor enjoyment. The previous owner had completed new vinyl siding, windows, deck, storm doors, and LVP prior to selling in 2023. the roof was replaced in 2021 by previous owner. This property is a dream for first-time homeowners and investors seeking an almost turnkey rental by providing them with a jump start on most of the basic of homes! Indulge in the luxurious amenities this Gated Community has to offer, including access to not one, but two championship 18-hole golf courses, lake with marinas for parking your boat, community pool, full service country club and the comfort of a gated guardhouse with security. Don't miss out on all of the wonderful community amenities, prime location to major highways and cities, shopping, restaurants and local parks.
| |||
| Oct 6, 2023 | Sold | ||
| Sold | |||
Property Highlights
Building Info
Comparables
Status
Price/ft²
Listed On
Sold On
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017