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423 Lima St
About This Property
Tucked away on a quiet street, this charming 6-bed, 4-bath home offers over 3,000 sq ft of finished living space with incredible flexibility for multi-gen living, short-term rentals, or creative house hacking. A private suite with its own entrance, patio, and kitchenette is perfect for guests or Airbnb, while the finished basement features large egress windows, a renovated bath, and a second kitchen for extended stays or separate quarters. Inside, enjoy 3 fireplaces, skylights, and built-ins that add warmth and character throughout. The entertainer's backyard offers multiple patios, a hot tub, grilling area, and low-maintenance landscaping. A new Class 4 roof and new furnace are both being installed this coming week, along with recent electrical and plumbing updates. A rare opportunity with endless potential-move-in ready!
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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 21, 2025 | Sold | ||
| Sold | |||
| Nov 7, 2025 | In contract | - | |
| In contract | |||
| Oct 8, 2025 | Relisted | $539,000 | |
| Relisted | |||
| Oct 4, 2025 | In contract | - | |
| In contract | |||
| Sep 24, 2025 | Relisted | $539,000 | |
| Relisted | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017