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507 HARDING DRIVE
About This Property
Offered for the first time in over 40 years, this South Four Corners home presents a rare opportunity to renovate and create value in a highly desirable neighborhood. With over 2,000 square feet of living space, generously sized rooms, and a flexible floor plan, this property is ready for its next owner to bring their vision and updates.
The main level features a spacious living room with a bay window, two bedrooms, a full bathroom, a dining room, and a kitchen awaiting transformation. Upstairs are two additional bedrooms and a second full bathroom. The lower level offers interior access and substantial storage space, providing additional possibilities for future improvement.
Situated on a 5,017 square foot lot with a nice backyard, the home offers a solid footprint in an established community known for its convenient location and neighborhood charm.
**This property requires significant updating and is being sold as-is, making it an excellent opportunity for investors, renovators, or buyers looking to build equity through improvements. With good space, a functional layout, and an outstanding location, the rewards for a buyer willing to invest in renovations could be substantial.**
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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 |
|---|---|---|---|
| Jun 18, 2026 | Sold | ||
| Sold | |||
| Jun 9, 2026 | In contract | - | |
| In contract | |||
| Jun 5, 2026 | Listed by RLAH @properties | $449,000 | |
| Listed by RLAH @properties | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017