42 3rd Street
About This Property
Step through the front door into a spacious living room, dining area and a large eat-in kitchen. A side entrance leads into a practical mudroom complete with washer and dryer, offering everyday ease.
The home features a desirable split-bedroom flour plan for added privacy. The primary suite includes a full bath with direct access to the mudroom, creating a natural and comfortable flow.
Step out back through sliding doors to a generously sized deck overlooking a large backyard, complete with an oversized paved fire pit, three sheds; one oversized at 10'x20', and plenty of space for entertaining. All of this, just a short drive from the beachperfect for enjoying the best of both indoor comfort and outdoor leisure.
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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 |
|---|---|---|---|
| Nov 17, 2025 | Sold | ||
| Sold | |||
| Oct 1, 2025 | In contract | - | |
| In contract | |||
| Aug 26, 2025 | Price Decreased |
$489,000
↓ $10K
(2%) | |
| Price Decreased | |||
| Aug 16, 2025 | Price Decreased |
$499,000
↓ $11K
(2.2%) | |
| Price Decreased | |||
| Aug 4, 2025 | Listed by HomeSmart First Advantage | $510,000 | |
| Listed by HomeSmart First Advantage | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017