417 Basso 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%.
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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 |
|---|---|---|---|
| Jun 15, 2026 | Listed by HomeSmart First Advantage | $999,000 | |
| Listed by HomeSmart First Advantage | |||
| Feb 18, 2026 | Price Decreased |
$2,500,000
↓ $300K
(10.7%) | |
| Price Decreased | |||
| Aug 8, 2025 | Listed by HomeSmart First Advantage | $2,800,000 | |
| Listed by HomeSmart First Advantage | |||
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Incredible Opportunity — 9 Acres with Full School Approvals!
Rare opportunity of two combined parcels totaling approximately 9 acres, including a 4.27-acre lot with an existing structure and an adjacent 4.65-acre lot with a large home at 425 Basso. This property is fully approved for a school, making it an ideal opportunity for developers or institutions seeking a turn-key development site in a prime location.
The property also features a 5-stall barn with tack room, paddocks, and two running sheds with water and electric, plus access to nearby trails. Whether you're looking to build a school, community facility, or other permitted use, this expansive property offers the approvals, infrastructure, and acreage to make your vision a reality.
Don't miss out on this approved site!
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| Dec 30, 2022 | Sold | ||
| Sold | |||
| Oct 21, 2022 | Listed by HomeSmart First Advantage | $1,199,999 | |
| Listed by HomeSmart First Advantage | |||
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Welcome to this unique property! Stunning, over the top large home on a 4.27 acre horse farm! Let's begin with the custom built, set back colonial totally redone and updated. Magnificent hardwood flooring throughout the first floor, crown molding and an up to date kitchen. Upon entering ,the spacious foyer with a really cool game room on the right and library on the left. The oversized family room with wood burning fireplace, framed with wood cabinetry, is sure to enhance your quality of life! Finished attic for additional hangout space. Enormous 13 course full basement. Heading out to the stables the 5 STALL BARN plus tack room leads to paddocks and features two running sheds with water and electric. Massive area for the horses and animals to graze and run. Behind the property is many acres of trails for the horses to gallop!! This is a one of a kind property you don't want to miss out on!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017