407 Blackwater
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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 |
|---|---|---|---|
| Mar 5, 2026 | Sold | ||
| Sold | |||
| Feb 8, 2026 | In contract | - | |
| In contract | |||
| Feb 8, 2026 | Price Decreased |
$569,900
↓ $20K
(3.4%) | |
| Price Decreased | |||
| Nov 23, 2025 | Listed by RSA Realty, LLC | $589,900 | |
| Listed by RSA Realty, LLC | |||
| | |||
|
Huge Price Adjustment! Welcome to this fully renovated 3-bedroom, 1.5-bath home, thoughtfully redesigned from top to bottom to offer modern comfort, efficiency, and style. Step inside to find gorgeous new white oak hardwood floors that lead you through bright, open living spaces. The heart of the home is the brand-new kitchen, featuring granite countertops, new stainless-steel appliances, modern cabinetry, updated fixtures, and plenty of workspace for cooking and entertaining. Every update has been made with longevity and efficiency in mind. The home includes new insulation and new windows for improved heating efficiency, a new boiler, and new electrical, giving you peace of mind and lower utility costs for years to come. The main bathroom has been beautifully updated with a tile shower, offering a clean, modern look and durable finish. Convenient first-floor laundry adds to the home’s everyday ease and functionality. Outside, the improvements continue with new siding, new decks, and a freshly installed new lawn, creating a crisp, polished exterior that feels like a brand-new home. Whether you’re relaxing outdoors, hosting gatherings, or simply enjoying the low-maintenance lifestyle, these upgrades elevate the entire property. With every major system, surface, and detail already completed—from the mechanicals to the finishes—this home offers truly turnkey living. Perfect for anyone seeking efficiency, comfort, and contemporary style without lifting a finger.
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| Jul 2, 2025 | Listed by RSA Realty, LLC | $285,000 | |
| Listed by RSA Realty, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017