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509 JACKSON STREET
About This Property
Major updates are already underway, including a new roof installed in 2026, a new HVAC system installed in 2026, Pool enclosure rescreening and the final bathroom update currently being completed. The home offers tremendous potential for a buyer ready to add their personal finishing touches.
Inside, the updated kitchen features granite countertops, custom cabinetry with pull-out shelving, updated lighting, a center island with bar seating for six, a sleek cooktop with Jenn-Air-style downdraft ventilation, and a recessed refrigerator. The open layout connects the kitchen with both the living room and family room, making it ideal for everyday living and entertaining.
The family room includes a wood-burning, stone-accented fireplace, built-in shelving for AV equipment and storage, and large windows that fill the space with natural light. The primary suite offers a spacious closet, updated bath with custom vanity, slate-style flooring, and a large glass-enclosed shower, plus sliding glass door access to the pool area and backyard. Guest bedrooms and the additional bath are conveniently located off the family room.
Additional highlights include a large two-car garage with a workbench area.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017