4500 Avenue 308
About This Property
The home continues into a second living or TV room complete with an additional kitchen and cozy dining area, creating excellent flexibility for extended family or dual-living potential. A sliding glass door off this space leads to a sunroom or storage area with direct access to the backyard.
To the left of the second living area is a spacious bedroom suite featuring three closets and a full bathroom. An additional hallway with built-in cabinetry connects to the third bedroom and main full bathroom and conveniently loops back through an archway to the original living and dining areas. With multiple living spaces, thoughtful storage, and room to enjoy the outdoors, this property offers versatility and comfort in a peaceful rural setting.
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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 14, 2026 | Sold | ||
| Sold | |||
| Jan 29, 2026 | In contract | - | |
| In contract | |||
| Jan 15, 2026 | Listed by Independent Broker Network | $315,000 | |
| Listed by Independent Broker Network | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017