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525 3rd Street
About This Property
The sun-filled main level was built for effortless living and entertaining, featuring an open-concept layout with a stunning eat-in kitchen complete with oversized waterfall island, quartz countertops, GE Cafe appliances, farmhouse sink, pot filler, and floor-to-ceiling pantry storage. The kitchen flows seamlessly into the dining area and expansive family room/den, while a separate living room anchored by the original wood-burning fireplace adds warmth and character. A dedicated office with closet provides flexibility for guests, work-from-home, or a potential fifth bedroom.
Upstairs, the spacious primary suite features walk-in closets and a spa-inspired bath with soaking tub, glass-enclosed shower, and double vanity. Three additional bedrooms and a full hall bath complete the second floor. The finished lower level adds ~862 sq ft of living space including a large recreation/media room, full bath, laundry room, and flexible bonus space perfect for a gym, playroom, or movie nights.
Designed with both style and performance in mind, the home features James Hardie board-and-batten siding, matte black accent roofing, Marvin Elevate casement windows, wide-plank white oak flooring, spray foam insulation throughout, and a high-efficiency multi-zone Rheem heat pump HVAC system with central air and fresh air exchange. Additional highlights include an attached garage, bluestone porch and patio, upgraded PEX plumbing, new 200-amp electric service, and professionally designed landscaping.
A rare opportunity to own a turnkey modern farmhouse offering elevated design, energy efficiency, and walkable village living.
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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 |
|---|---|---|---|
| Sep 16, 2026 | In contract | - | |
| In contract | |||
| Aug 19, 2026 | Relisted | $1,725,000 | |
| Relisted | |||
| Aug 18, 2026 | No longer available | - | |
| No longer available | |||
| Jun 17, 2026 | Price Decreased |
$1,890,000
↓ $60K
(3.1%) | |
| Price Decreased | |||
| May 21, 2026 | Listed by Stetson Real Estate | $1,950,000 | |
| Listed by Stetson Real Estate | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017