28
Map
48 Shears 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 |
|---|---|---|---|
| Sep 30, 2025 | Sold | ||
| Sold | |||
| Aug 27, 2025 | In contract | - | |
| In contract | |||
| Aug 5, 2025 | Listed by eXp Realty | $579,900 | |
| Listed by eXp Realty | |||
| Nov 1, 2022 | No longer available | - | |
| No longer available | |||
| May 9, 2022 | Listed by Lanagan & Co | $369,000 | |
| Listed by Lanagan & Co | |||
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This 3 bedroom 1.5 bath charming antique home is 2 miles from the commuter rail and in close proximity to King Philip Regional High School. The north east side of the property abuts conservation land and the the neighborhood sees very light traffic. Priced to sell, this property is going to garner a lot of attention. The seller can accommodate a quick closing as the home is vacant.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017