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4015 Black Locust Drive
About This Property
Designed for flexibility, the layout includes a private study, three living areas, two fireplaces, and a generously sized kitchen ideal for entertaining. The primary suite features a sitting area, whirlpool tub, and private balcony. An enclosed porch adds additional usable space year round.
The separate living quarters are ideal for multigenerational living, extended guests, college students, or long term visitors. The backyard includes a mature shade tree and ample outdoor space to enjoy.
Square footage per prior MLS. Buyer to independently verify all measurements and information.
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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 |
|---|---|---|---|
| Feb 24, 2026 | Listed by TEXAS REAL ESTATE SERVICES | $355,000 | |
| Listed by TEXAS REAL ESTATE SERVICES | |||
| Feb 16, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Mar 24, 2025 | Listed by TEXAS REAL ESTATE SERVICES | $400,000 | |
| Listed by TEXAS REAL ESTATE SERVICES | |||
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Wow, tons of living space for a small price. A garage apartment with a separate entrance in the garage. The previous MLS listed Over 5600 sqft 4 BR 3.5 baths + 2BR 1 bath gar apt can open to main house + study + 3 living areas + 2 fireplaces. Master suite/sitting rm, whirlpool & balcony. This kitchen is really big. Enclosed porch. A versatile floor plan would easily accommodate a very large group or two. PRIVATE QUARTERS are great for a mother-in-law, college student, or teen. There is a beautiful mature tree in the backyard for kids to climb.
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| Dec 21, 2023 | Sold | ||
| Sold | |||
| Aug 29, 2023 | Listed by Beard Realty Group | $269,900 | |
| Listed by Beard Realty Group | |||
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|
Wow, tons of living space for a small price. A garage apartment with a separate entrance in the garage. The previous MLS listed Over 5600 sqft 4 BR 3.5 baths + 2BR 1 bath gar apt can open to main house + study + 3 living areas + 2 fireplaces. Master suite/sitting rm, whirlpool & balcony. This kitchen is really big. Enclosed porch. A versatile floor plan would easily accommodate a very large group or two. PRIVATE QUARTERS are great for a mother-in-law, college student, or teen. There is a beautiful mature tree in the backyard for kids to climb.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017