409 Pearl 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 |
|---|---|---|---|
| Sep 16, 2026 | In contract | - | |
| In contract | |||
| Aug 24, 2026 | Listed by Leverage Real Estate, LLC | $2,395,000 | |
| Listed by Leverage Real Estate, LLC | |||
| Aug 16, 2024 | Sold | ||
| Sold | |||
| Jul 13, 2024 | In contract | - | |
| In contract | |||
| Jul 10, 2024 | Listed by Colonial Manor Realty | $699,900 | |
| Listed by Colonial Manor Realty | |||
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ATTENTION builders, contractors & those who wish to see their ideas come to life for a home that will be uniquely theirs. This much adored one owner ranch takes a pretty picture, but needs EVERYTHING! The possibilities here are ENDLESS. On a MAGNIFICENT lot, this canvas will allow whatever you can dream. Known affectionately by the family as "the house with 129 bushes," those seeking the potential of beautiful grounds will appreciate what came before them. Already complete with an inground pool, keep the house, gut & redesign as a ranch with a finished basement & a fantastic oversized two car garage. Or maybe go up...this house would transform into a picture perfect Cape Cod style. Want a large home? Raze, & start again. Just down the street, a 2 year old colonial recently SOLD for 1,750,000, so we know the location will support even a grand style new build. What idea's do you have? Take a look & let your imagination go...you'll be glad you did!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017