508 Virginia Street
About This Property
Two purchase options available! Purchase the home as-is for $175,000 on approximately 0.1050 acres, or take advantage of the opportunity to purchase the adjoining lot for a total price of $185,000 and approximately 0.21 acres combined. The additional lot provides extra outdoor space and flexibility for future possibilities.
Whether you're a first-time homebuyer, looking to downsize, or searching for an investment opportunity, this property offers exceptional value and flexibility. With the major improvements already completed, all that's left to do is move in and 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 |
|---|---|---|---|
| Oct 9, 2026 | Listed by HARBCO Realty | $175,000 | |
| Listed by HARBCO Realty | |||
| Oct 6, 2026 | No longer available | - | |
| No longer available | |||
| Aug 8, 2026 | Price Decreased |
$175,000
↓ $19K
(9.8%) | |
| Price Decreased | |||
| Jul 24, 2026 | Price Decreased |
$194,000
↓ $5K
(2.5%) | |
| Price Decreased | |||
| Jun 26, 2026 | Price Decreased |
$199,000
↓ $15K
(7%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017