10
Map
4047 Madison St
About This Property
The site includes an existing historic structure and a detached clinker brick building, providing flexibility for future use, conversion, or redevelopment. The lot configuration and depth create multiple possibilities for builders or investors seeking to maximize value.
Located in an established area with strong demand, this property presents an excellent opportunity for those looking to develop or reposition a unique parcel with character and scale that is difficult to find. Buyers are encouraged to verify zoning, allowable uses, and development potential with the city.
Listed By
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 28, 2026 | Price Decreased |
$525,000
↓ $5K
(0.9%) | |
| Price Decreased | |||
| Aug 27, 2026 | Price Increased |
$530,000
↑ $5K
(1%) | |
| Price Increased | |||
| Jun 29, 2026 | Price Decreased |
$525,000
↓ $45K
(7.9%) | |
| Price Decreased | |||
| May 5, 2026 | Listed | $570,000 | |
| Listed | |||
| Feb 28, 2026 | Listed | $599,000 | |
| Listed | |||
| |||
|
This is an extraordinary and unique historic property, circa 1891, thoughtfully preserved and artfully enhanced. This Victorian/ Craftsman home is situated on 2.5 lots with enchanted mature gardens providing magic and privacy. The back yard is fenced in with an enchanting gate built in the 1930s.
The distinctive kitchen features a Chambers antique stove with a rice cooker and griddle. The counter tops are mahogany. A unique antique island provides storage and a stainless top creates expansive prep space. There is a built-in oven, microwave and warming oven. The 3-year-old cork floor is kind to knees and backs.
The primary bedroom has a balcony offering a unique vantage point to enjoy fabulous sunsets and downtown fireworks. This room feels like a tree house with French doors always open in the summer.
The living room offers bamboo floors and custom plantation shutters blending timeless character with warmth and functionality. Throughout the house are built in, enclosed bookcases.
A versatile detached clinker brick studio with a woodburning stove, with potential conversion to a 2 car garage or EDU. This building is attached to a shaded patio with a nearby pond and raised beds.
There are no comps for this enchanting home.
| |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017