397 Sprague St
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 |
|---|---|---|---|
| Jun 25, 2026 | Sold | ||
| Sold | |||
| Dec 10, 2025 | In contract | - | |
| In contract | |||
| Nov 25, 2025 | Listed by Efron Property Group, LLC | $350,000 | |
| Listed by Efron Property Group, LLC | |||
| Jan 1, 2023 | No longer available | - | |
| No longer available | |||
| May 23, 2022 | Listed by Bel Air Properties | $460,000 | |
| Listed by Bel Air Properties | |||
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Fully approved, residential single family lot. Also available is adjacent lot on 391 Sprague St for $495,000. Two new construction townhouses to the right of this property recently sold for $879,900 and $870,000. Just pull the building permit and you are ready to go!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017