500 N 2nd Street
About This Property
The garage has been closed in, creating a versatile flex space that can serve as a den, office, or even a 4th bedroom. The home is topped with a durable metal roof, offering peace of mind for years to come. Outside, you'll find a nice-sized outbuilding and a lean-to, perfect for storage, hobbies, or projects. The backyard is fenced, providing both privacy and functionality, and also includes a well (not currently hooked up), offering additional options for future use.
Whether you're a first-time homebuyer, investor, or simply looking to enjoy the convenience of living within the city limits, this property provides an excellent opportunity to make it your own.
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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 2, 2026 | Sold | ||
| Sold | |||
| Sep 6, 2025 | Listed by Elite Realty | $159,900 | |
| Listed by Elite Realty | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017