41-08 97th Place #3D
About This Property
Excellent opportunity in a highly desirable location - just 5 minutes to the 7 train, supermarkets, schools, buses, shops, restaurants, and park. Only 10 minutes to Flushing by train and 30 minutes to Manhattan.
This 2-bedroom unit (converted from 1 bedroom) offers a great layout with bright east-facing exposure. Needs renovation and updating, making it ideal for investors, contractors, or buyers looking to customize and add value.
Great for owner occupancy or investment. Seller prefers cash deal.
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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 |
|---|---|---|---|
| Sep 8, 2026 | No longer available | - | |
| No longer available | |||
| Jul 25, 2026 | Price Decreased |
$329,000
↓ $20K
(5.7%) | |
| Price Decreased | |||
| Apr 9, 2026 | Listed by Winzone Realty Inc | $349,000 | |
| Listed by Winzone Realty Inc | |||
| |||
|
One Br Converted into Two nice size bedrooms Condo, 550 sqt plus balcony, need to be renovated, 4 mins walking to 7 train and shopping, low property tax, collecting high rent, good for investment and living.
| |||
| Mar 15, 2026 | No longer available | - | |
| No longer available | |||
| Feb 21, 2026 | Price Decreased |
$349,000
↓ $50K
(12.5%) | |
| Price Decreased | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
11/05/2025
|
1 Bed
|
1 Bath
|
575 ft²
|
$399,000
1 Bed
1 Bath
575 ft²
|
-
-
|
King Chin
Keller Williams Rlty Landmark
| |
|
09/15/2023
|
2 Bed
|
1 Bath
|
-
|
$450,000
2 Bed
1 Bath
|
-
-
|
Amarilis DeJesus
EXP Realty
| |
|
01/04/2021
|
2 Bed
|
1 Bath
|
621 ft²
|
$359,000
2 Bed
1 Bath
621 ft²
|
-
-
|
Bing Wang
International Realty Inc
| |
|
07/02/2019
|
1 Bed
|
1 Bath
|
500 ft²
|
$379,000
1 Bed
1 Bath
500 ft²
|
-
-
|
Xiao Lin
B Square Realty Inc
| |
|
02/11/2019
|
1 Bed
|
1 Bath
|
-
|
$339,000
1 Bed
1 Bath
|
$312,000
-7.96%
06/12/2019
|
Bing Wang
East Coast REALTORS Inc
|
Building Info
- 12 Units
- 2 Units for Sale
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017