44 Summer 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 |
|---|---|---|---|
| Jun 13, 2025 | Sold | ||
| Sold | |||
| May 18, 2025 | In contract | - | |
| In contract | |||
| Apr 29, 2025 | Price Decreased |
$450,000
↓ $25K
(5.3%) | |
| Price Decreased | |||
| Apr 23, 2025 | Price Decreased |
$475,000
↓ $10K
(2.1%) | |
| Price Decreased | |||
| Apr 7, 2025 | Listed | $485,000 | |
| Listed | |||
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Motivated seller! Over the last 2 years this massive Federal Colonial has been spoiled with a new roof, gas boiler, water tank and new main sewer line with clean out access! Improvements extend to new front stairs, a bathroom renovation, some new flooring, interior paint and the following newer appliances: dishwasher, refrigerator, and stove w/airfryer! Oversized rooms with traditional wide pine flooring, detailed woodwork and custom built-in cabinetry can be found throughout the home. Front and back stairs add to this home's character and convenience. Bedroom and full bath on main floor. Four additional bedrooms upstairs and what was origanlly used as a second kitchen and another living room can be found on the second floor. Third level is a walkup attic with loads of potential! Need more space? How about a three level 23 ft by 64 ft post and beam barn with a workshop and full walkout cellar? Just off the town center, close to restaurants, spa, schools and grocery store!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017