427 WASHINGTON AVENUE
About This Property
Step into this delightful 3-bedroom, 2-bathroom bungalow and instantly feel at home. The large screened-in porch welcomes you with ample space for a cozy porch swing, where you can enjoy your morning coffee or evening cocktails while soaking in the serene surroundings.
Inside, the living room exudes warmth with its beamed ceilings and rich walnut wood floors, creating a perfect blend of classic charm and modern comfort. The beauty continues throughout the home with striking clay Saltillo tile floors in many of the rooms, adding a touch of rustic elegance.
The owner's suite is a true retreat, featuring a stunning stained glass window, his-and-hers closets, and an option to relocate the utility room back to its original space in the master bath/closet area for added convenience. The split floor plan ensures privacy, with the other two bedrooms thoughtfully separated by the kitchen and living areas.
Outside, the property is a gardener's dream! Stroll along the winding walkways, surrounded by lush, interesting plants, all within a fully fenced yard. Need extra storage? The spacious 16 x 16 shed, equipped with electricity, is perfect for all your tools and projects.
Rest easy under the newer metal roof, installed in 2014, and enjoy the added convenience of a gas stove, county water, and a well with a pump on the property. Zoned CG, this unique property offers endless potential-whether you choose to keep it as a charming residence or transform it into a thriving Commercial General business. Modify the existing building to meet commercial standards, or start fresh with a new build-the choice is yours!
Don't miss out on this rare gem that combines residential charm with commercial opportunity. Call today for more information and to discuss setback details!
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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 7, 2025 | Sold | ||
| Sold | |||
| Mar 12, 2025 | In contract | - | |
| In contract | |||
| Mar 11, 2025 | Relisted | $325,000 | |
| Relisted | |||
| Mar 1, 2025 | No longer available | - | |
| No longer available | |||
| Aug 28, 2024 | Listed by KELLER WILLIAMS REALTY SELECT | $325,000 | |
| Listed by KELLER WILLIAMS REALTY SELECT | |||
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About Osprey Park
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017