530 Park
About This Property
The detached garage has been converted into a 640 sq ft, 2-bedroom ADU, offering excellent income potential or space for multigenerational living. The large 1+ acre lot provides room to expand, store toys, or create the outdoor setup you've always wanted.
Conveniently located near downtown, schools, restaurants, and shopping, this property also offers no HOA and low taxes-a rare find with this level of upgrades and versatility.
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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 |
|---|---|---|---|
| Feb 10, 2026 | Sold | ||
| Sold | |||
| Dec 18, 2025 | In contract | - | |
| In contract | |||
| Dec 11, 2025 | Listed by Trillion Real Estate | $530,000 | |
| Listed by Trillion Real Estate | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017