489 Main 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 |
|---|---|---|---|
| Mar 27, 2025 | Sold | ||
| Sold | |||
| Feb 5, 2025 | In contract | - | |
| In contract | |||
| Jan 25, 2025 | Listed by Four Seasons Sotheby's Int'l Realty | $349,000 | |
| Listed by Four Seasons Sotheby's Int'l Realty | |||
| Oct 6, 2023 | Sold | ||
| Sold | |||
| Jul 6, 2023 | Listed by Four Seasons Sotheby's Int'l Realty | $295,000 | |
| Listed by Four Seasons Sotheby's Int'l Realty | |||
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Charming Village Home with Residential/Commercial Zoning Discover the character and beauty of this village home near Chester Green. With a unique zoning designation for both residential and commercial use. The spacious living area can be transformed into a stylish home or a combined living space and gallery. Inside, artistic touches abound, from the restored original hardware to the beautifully crafted granite stone floor in the basement. The c.1860 farm style house has been thoughtfully restored, blending historic charm with modern comfort. Also a soapstone wood stove in Kitchen area. Outside, the low maintenance perennial gardens bloom from early spring to November. Step through the back gate to your own private garden and peaceful enclosed courtyard. The sunlit Sun Room leads to the updated kitchen-dining area with high-quality features like a stainless farmhouse sink and chef-friendly appliances. A walk-in pantry offers ample storage. The first level features a library-living room with built-ins and a stone fireplace. Upstairs, you'll find bedrooms, a full bath, and a laundry-utility room. Enjoy the enclosed porch, leading to the private courtyard and a one car garage with additional storage. Behind the barn, a relaxing Screen Room awaits, surrounded by a fenced yard with majestic Black Walnut trees. This unique property offers endless opportunities for both living and creative endeavors. Don't miss out on making it your own and exploring its boundless potential.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017