408 Cherry Street
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 |
|---|---|---|---|
| Mar 19, 2026 | Sold | ||
| Sold | |||
| Feb 17, 2026 | In contract | - | |
| In contract | |||
| Jan 26, 2026 | Listed by Creighton Realty Partners, LLC | $259,995 | |
| Listed by Creighton Realty Partners, LLC | |||
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This upgraded 5-bedroom home sits on an oversized lot and is freshly painted throughout, offering a bright and inviting interior. The spacious layout provides flexibility for growing families, home offices, or guest rooms. With generous living areas and a large yard ideal for outdoor activities and entertaining, this home is well suited for everyday family living. A great opportunity for first-time home buyers seeking space, comfort, and value.
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| Jan 18, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Jan 16, 2026 | Listed by Creighton Realty Partners, LLC | $259,000 | |
| Listed by Creighton Realty Partners, LLC | |||
| | |||
|
This upgraded 5-bedroom home sits on an oversized lot and is freshly painted throughout, offering a bright and inviting interior. The spacious layout provides flexibility for growing families, home offices, or guest rooms. With generous living areas and a large yard ideal for outdoor activities and entertaining, this home is well suited for everyday family living. A great opportunity for first-time home buyers seeking space, comfort, and value.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017