408 FLOWER STREET
About This Property
This property offers solid bones and plenty of potential for buyers ready to bring their vision and updates. The spacious layout provides a comfortable starting point, featuring a generous living room with hardwood flooring that continues into two of the bedrooms, adding warmth and character. The eat-in kitchen offers space for casual dining, while the separate family room creates additional room to relax, gather, or reimagine the layout to suit your needs.
With a little TLC, this home could truly shine. For buyers looking to build equity, personalize a home, or invest in a great location near downtown Berlin and the beaches, this is a promising opportunity. Schedule your appointment today!
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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 |
|---|---|---|---|
| Jun 5, 2026 | Sold | ||
| Sold | |||
| May 2, 2026 | In contract | - | |
| In contract | |||
| Apr 23, 2026 | Price Decreased |
$200,000
↓ $35K
(14.9%) | |
| Price Decreased | |||
| Mar 15, 2026 | Relisted | $235,000 | |
| Relisted | |||
| Feb 12, 2026 | Listed by Northrop Realty | $235,000 | |
| Listed by Northrop Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017