1
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406 School 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 |
|---|---|---|---|
| May 16, 2025 | Sold | ||
| Sold | |||
| Apr 4, 2025 | In contract | - | |
| In contract | |||
| Mar 27, 2025 | Listed | $1,425,000 | |
| Listed | |||
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This 5 bedroom, 2.5 bath Center Entrance Colonial is perfectly situated on an 8,400 sq ft corner lot. Main floor features a living room with a wood-burning fireplace and access to a screened-in porch, half bath, and a formal dining room that opens to a modern kitchen. Second floor boasts three bedrooms and full bath; third floor has two bedrooms and a full bath. Updates include: 200 amp electric, gas boiler and hot water tank, roof, siding, gutters, windows, driveway, sprinkler system, patio and fence.
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| Jun 29, 2007 | Sold | ||
| Sold | |||
| May 11, 2007 | Listed | $599,000 | |
| Listed | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017