40
Map
423 Monroe Street
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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.
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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 |
|---|---|---|---|
| Dec 23, 2025 | Sold | ||
| Sold | |||
| Nov 5, 2025 | In contract | - | |
| In contract | |||
| Oct 22, 2025 | Listed by LPT Realty | $399,500 | |
| Listed by LPT Realty | |||
| Sep 24, 2025 | In contract | - | |
| In contract | |||
| Sep 17, 2025 | Listed | $399,500 | |
| Listed | |||
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Welcome to 423 Monroe Street, New Britain - a classic Colonial offering space, functionality, and a flexible layout to fit a variety of needs. This 4-bedroom, 1.5-bath home features a practical floor plan with plenty of natural light and useful spaces throughout, including offices on both the main and upper levels. The main floor includes a large, sun-filled living room with wide windows, built-in bookshelves, and a fireplace. French doors open to a bright family room with access to the backyard and a stone fire pit, great for outdoor use. The dining room features a built-in hutch and connects directly to a kitchen with ample cabinet space. A main-level office provides a quiet area for work or study, and a half bath completes the first floor. Upstairs are four well-proportioned bedrooms, a full bath, and a second office - ideal for remote work, school, or additional storage. The primary bedroom and others each have their own closet and natural light. The finished basement, currently used as a personal winery, adds bonus living space. The laundry area is located behind French doors for easy access. Outside, the property includes a detached two-car garage, brick driveway, front garden, backyard treehouse, and a small shed for extra storage.
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About New Britain
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017