518 Cherry St
About This Property
The home has a large unattached garage, that opens back to the alley way, to enter and exit the home in the back. Lots of opportunity for storage or even the shop you've been dreaming about.
The expansive yard provides room for gardening, outdoor activities, or simply relaxing. With its great location close to dining, schools, and easy access to the highway and not far from the airport, this home is full of potential.
Don't miss this opportunity-schedule a showing today!
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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 |
|---|---|---|---|
| Jul 31, 2025 | Sold | ||
| Sold | |||
| Jul 8, 2025 | In contract | - | |
| In contract | |||
| Jul 4, 2025 | Price Decreased |
$320,000
↓ $45K
(12.3%) | |
| Price Decreased | |||
| Jun 25, 2025 | Price Decreased |
$365,000
↓ $10K
(2.7%) | |
| Price Decreased | |||
| Jun 5, 2025 | Relisted | $375,000 | |
| Relisted | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017