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422 S Freeman 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 |
|---|---|---|---|
| Apr 10, 2025 | Listed | $1,445,000 | |
| Listed | |||
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Welcome to your seaside sanctuary! This 2-bedroom, 2-bath home perfectly balances classic charm with thoughtful updates. Original hardwood floors, plaster walls, and a cozy fireplace give the home a warm, vintage feel, while modern upgrades like new Milgard windows, a new roof, fresh paint, roll-up garage doors, disappearing screens, and a spacious walk-in closet in the primary suite make it move-in ready. The private backyard is a true retreat—with an outdoor shower for rinsing off after the beach, a fireplace for cozy evenings, beautiful mosaic tile work, a wooden deck for weekend lounging, and total privacy for family time or entertaining. Just a short walk to the beach, pier, and a great mix of local restaurants and pubs, this home offers an ideal coastal lifestyle in a welcoming neighborhood. It’s the kind of place where lasting memories are made.
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| Jun 17, 2019 | Sold | ||
| Sold | |||
| May 2, 2019 | Listed by HomeSmart Realty West | $810,000 | |
| Listed by HomeSmart Realty West | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017