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50 Independence Avenue
About This Property
Inside, 8 spacious rooms are filled with natural light streaming through a large bay window and sliding glass doors. The open-concept main level flows seamlessly from living room to dining area to kitchen, complete with cathedral ceilings and effortless indoor-outdoor access.
Step out from the dining area onto a large deck overlooking an expansive backyard-much larger than most-offering endless possibilities for a pool, outdoor oasis, or entertaining paradise.
Upstairs, the primary bedroom is generously sized, accompanied by two additional bedrooms and a full bath.
While the home offers room for updates, its layout, oversized lot, paver driveway, and overall footprint provide the perfect canvas to create a truly special forever home in a peaceful, low-traffic setting close to everything.
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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 20, 2026 | Sold | ||
| Sold | |||
| May 16, 2026 | In contract | - | |
| In contract | |||
| Apr 9, 2026 | Listed by Island Advantage Realty LLC | $749,900 | |
| Listed by Island Advantage Realty LLC | |||
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Data Source: OneKey MLS
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017