400 Katy Street
About This Property
The home also features a dedicated utility room and an enclosed sunroom that's perfect for indoor gardening or creating your own greenhouse setup. Outside, there's a large pond, majority fenced perimeter of the property and a 60' diameter round pen ideal for training animals or creating a versatile hobby area. There's an additional smaller pen for chickens, rabbits, or other small animals.
A detached 2 car garage includes a workshop area and sliding glass door, offering plenty of space for projects or storage. Partial privacy fencing with bamboo plants along one side, to provide additional privacy as they mature. Fiber internet service installed at the home. Foundation repairs have been completed Jan 2026. Property is on city water and city sewer, rare for a lot this size within city limits!
Seller is motivated and offering concessions with a strong offer.
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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 |
|---|---|---|---|
| Jul 2, 2026 | Sold | ||
| Sold | |||
| Jun 17, 2026 | In contract | - | |
| In contract | |||
| Mar 26, 2026 | Price Decreased |
$301,000
↓ $4K
(1.3%) | |
| Price Decreased | |||
| Nov 17, 2025 | Price Decreased |
$305,000
↓ $10K
(3.2%) | |
| Price Decreased | |||
| Oct 8, 2025 | Price Decreased |
$315,000
↓ $22K
(6.5%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017