48 W 3rd Street
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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 |
|---|---|---|---|
| Aug 5, 2026 | Withdrawn | - | |
| Withdrawn | |||
| Aug 5, 2026 | Listed by Compass Greater NY LLC | $825,000 | |
| Listed by Compass Greater NY LLC | |||
| May 28, 2026 | Listed by Compass Greater NY LLC | $849,000 | |
| Listed by Compass Greater NY LLC | |||
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Enjoy your summer in this stunning waterfront retreat offering the perfect blend of luxury, privacy, oversized waterfront property, and breathtaking panoramic views. Set on an exceptionally wide waterfront lot unlike any other, this beautifully remodeled 4-bedroom, 3 full bath home delivers the best of waterfront living without sacrificing yard space or a true park-like setting. Renovated in 2018, the home features maple hardwood floors, hi-hats throughout, an open-concept layout filled with natural light, a spacious living area with fireplace, and a beautifully updated kitchen with granite countertops, stainless steel appliances, and large center island, ideal for entertaining. Walls of windows showcase gorgeous water views throughout the home, while the upper deck offers sweeping panoramic sunset views in a true vacation-like setting. The oversized private backyard is perfect for entertaining, relaxing, boating, kayaking, or simply enjoying peaceful waterfront living. Additional highlights include a newer roof and 100-foot bulkhead completed in 2018 with an estimated 50+ year life expectancy, offering long-term peace of mind. Turnkey and close to all - now is the time to make this home yours!
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| Jul 3, 2024 | Sold | ||
| Sold | |||
| Feb 29, 2024 | In contract | - | |
| In contract | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017