492 Westminster Road
About This Property
On the second floor are four bedrooms, including two large ones that easily accommodate king-sized beds, and two smaller bedrooms, one of which is currently used as an office with built-in desk and shelving above. There is also a full bath on this floor. The third floor offers two additional bedrooms and another full bath with a charming clawfoot tub.
The property boasts a single-car garage and a newly paved driveway, providing parking for up to three cars. The full basement, complete with a full bath, offers versatile space for a home office, recreation room, or storage.
Located in close proximity to Cortelyou Road and Newkirk Plaza, and with easy access to the B & Q trains to Manhattan, this home combines tranquility with the convenience of nearby shopping and dining options.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Jan 23, 2026 | Sold | ||
| Sold | |||
| Oct 25, 2025 | In contract | - | |
| In contract | |||
| Oct 8, 2025 | Price Decreased |
$2,200,000
↓ $150K
(6.4%) | |
| Price Decreased | |||
| May 23, 2025 | Listed by Compass | $2,350,000 | |
| Listed by Compass | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017