440 NE 2ND AVENUE
About This Property
Enjoy a spacious backyard designed for entertaining, complete with a gazebo, extended concrete patio and walkways, full fencing for privacy, and two storage sheds included with the sale. Major updates provide peace of mind, including a new roof (2020) and new A/C system (2020).
With no HOA, a generous yard, and easy financing options, this home is an exceptional find for anyone seeking comfort, convenience, and value.
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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 |
|---|---|---|---|
| Feb 23, 2026 | Sold | ||
| Sold | |||
| Jan 12, 2026 | In contract | - | |
| In contract | |||
| Jan 6, 2026 | Price Decreased |
$232,900
↓ $7K
(3%) | |
| Price Decreased | |||
| Dec 15, 2025 | Price Increased |
$239,999
↑ $99
(0%) | |
| Price Increased | |||
| Dec 6, 2025 | Listed by ERA GRIZZARD REAL ESTATE | $239,900 | |
| Listed by ERA GRIZZARD REAL ESTATE | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017