501 Main Street
About This Property
The home features six bedrooms and two full bathrooms. The second level is plumbed for a third bath that would provide for an incredible ensuite.
Kitchen features newer stainless steel appliances, with a built-in dishwasher and microwave that has a hood/exhaust fan. The home is perfect for entertaining as it doesn't lack space. The kitchen opens up to the the formal dinning room, that leads to a parlor with an incredible fire place. There's a full bath, and laundry on the main level. The front entrance has an inclosed porch, which is enjoyed most months as one doesn't have to worry about bugs or the elements. The main entrance welcomes you into a large room with floor to ceiling windows which could be an amazing mudroom.
The back yard was just sodded and is fully fenced for privacy. Seller built a 16x24 Green house with a cement floor. Most of the original windows that were replaced throughout the home were used to build the exterior structure. This could be transformed into an outdoor kitchen, she shed, or a beautiful place to host out door parties and dinners. There's a two car attached garage with a gardeners shed in the backyard as well.
This home has so much to offer, it won't last long. Own a piece of history with a hint of luxury!
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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 |
|---|---|---|---|
| Mar 10, 2025 | Sold | ||
| Sold | |||
| Feb 21, 2025 | In contract | - | |
| In contract | |||
| Sep 23, 2024 | Listed by D Mottl Realty Group LLC | $325,000 | |
| Listed by D Mottl Realty Group LLC | |||
| Aug 7, 2024 | No longer available | - | |
| No longer available | |||
| Jul 29, 2024 | Price Decreased |
$325,000
↓ $24K
(6.9%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017