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535 Edison Avenue
About This Property
The home features three generously sized bedrooms, two full bathrooms, and a flexible layout with a large living room, formal dining area, and eat-in kitchen on the main level. Hardwood floors run throughout, and the full walkout basement adds significant bonus living space, a full bathroom, and direct backyard access - ideal for extended family or recreation. A finished attic provides additional storage.
Major systems are well-maintained, including dual-zone natural gas heating and a roof approximately five years old. The private backyard is unusually generous for the area, with a mix of patio and lawn perfect for entertaining or gardening.
Located just 0.1 miles from the Bx40, Bx42, and BxM9 bus lines, with quick access to I-95, the Hutchinson River Parkway, SUNY Maritime, and Ferry Point Park. While the interior would benefit from cosmetic updates, the bones, layout, and location make 535 Edison Avenue an excellent candidate for an end-user looking to customize their forever home or an investor seeking strong value in a stable neighborhood.
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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 |
|---|---|---|---|
| Jul 25, 2026 | In contract | - | |
| In contract | |||
| Jul 10, 2026 | Price Decreased |
$569,000
↓ $20K
(3.4%) | |
| Price Decreased | |||
| May 13, 2026 | Listed by Dobbs Realty Corporation | $589,000 | |
| Listed by Dobbs Realty Corporation | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017