445 48th Street
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 |
|---|---|---|---|
| Nov 18, 2025 | Sold | ||
| Sold | |||
| Aug 29, 2025 | In contract | - | |
| In contract | |||
| Aug 18, 2025 | Listed by Coldwell Banker American Homes | $529,999 | |
| Listed by Coldwell Banker American Homes | |||
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Welcome to this charming Ranch Fully Renovated in 2017, offering a perfect blend of comfort and style. Featuring 3 bedrooms and 1.5 baths, this home boasts an inviting open floor plan enhanced by hardwood floors, recessed lighting, and vaulted ceilings that create a bright and airy atmosphere.
The white kitchen is the heart of the home, showcasing stainless steel appliances, quartz countertops, a huge center island with seating, a large sink, and an abundance of cabinet and countertop space—ideal for both everyday living and entertaining.
Additional highlights include central air conditioning, efficient gas heat, and a convenient laundry room. The full unfinished basement provides endless storage options. Step outside to enjoy a nice-sized yard, perfect for relaxation, gardening, or outdoor gatherings.
This delightful Ranch is ready to welcome you home!
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| May 24, 2017 | Sold | ||
| Sold | |||
| Mar 13, 2017 | Listed by Island Advantage Realty LLC | $132,900 | |
| Listed by Island Advantage Realty LLC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017