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409 4th
About This Property
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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%.
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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 |
|---|---|---|---|
| Jul 1, 2025 | Listed by Strand Hill Properties | $5,500,000 | |
| Listed by Strand Hill Properties | |||
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Entered for Comp purposes only.
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| Jun 7, 2019 | Sold | ||
| Sold | |||
| Jan 8, 2019 | Listed by S C Real Estate | $3,899,000 | |
| Listed by S C Real Estate | |||
| Nov 14, 2018 | No longer available | - | |
| No longer available | |||
| Aug 21, 2018 | Listed | $4,299,000 | |
| Listed | |||
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An opportunity to live on the desirable walk-streets in the south end part of the Sand Section. The walk streets is a great area to raise a family and is a short walking distance to the beach, downtown shops and restaurants. This home features plenty of natural light. 1st level has a large den with fireplace that leads directly out to walk-street patio, which is perfect for entertaining family and friends. There are two bedrooms that share a large bathroom with two sinks. 3 car garage allows for buyer to have extra parking and storage space. Upstairs living room has vaulted ceilings with fireplace and deck featuring views of the neighborhood. Gourmet kitchen has kitchen island, plenty of cabinetry, skylights, adjacent breakfast nook, and small patio area. Master bedroom has vaulted ceilings and two closets. Master bathroom has double vanities with tub. The manager has listed the unit size as 3158 square feet.
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About Sand Section
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$7,000 /mo
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$9,900 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017