405 ARMSTRONG ROAD
About This Property
Enter your home to the warm living room filled with natural light. There is a Buck brand wood stove for relaxing on those cool nights, powerful enough to fill the home with heat & lowering your energy costs. The island kitchen boasts new coastal lighting gleaming across the stainless steel appliances. Counterspace is plentiful on both sides of the kitchen. The refinished oak cabinetry is of timeless quality & recently painted a desirable neutral. There is bar seating at the island as well as table space at the dining area. A main level bedroom with water views is available for those desiring one level living also boasting a walk-in closet. The hall bath has a tub shower combination. Front load laundry is conveniently on the main floor as well. Upstairs you find a spacious primary suite with a large walk-in closet, seating area, and primary bath with a tile corner shower. Open the windows and feel the breeze from the water driven by two ceiling fans. If a 3rd and/or 4th bedroom is desired, the walk-in closet & seating area could easily be converted back for your current or future desires. Storage is plentiful with a floored attic as well as an actual basement. Have peace of mind knowing this home is located in FEMA Zone X, the 500 year floodplain, lowering your risk as well as expenses.
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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 |
|---|---|---|---|
| Jan 16, 2026 | Sold | ||
| Sold | |||
| Nov 23, 2025 | In contract | - | |
| In contract | |||
| Aug 11, 2025 | Relisted | $699,900 | |
| Relisted | |||
| Jul 29, 2025 | In contract | - | |
| In contract | |||
| May 29, 2025 | Listed by RE/MAX Advantage Realty | $699,900 | |
| Listed by RE/MAX Advantage Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017