540 ARGYLE Road
About This Property
This home features up to 5 generously-sized bedrooms The main level boasts a beautiful wood-burning fireplace, a large living room with abundant natural light that leads to a lovely porch overlooking and expansive front yard and the beautiful homes on Ditmas Avenue. You will also find a formal dining room right off of the newly renovated kitchen as well as a brand new half bathroom.
The 2nd floor features three very large bedrooms, all of which are flooded with natural sunlight, you will also find three full baths on this level. Another flight up you will find a large semi finished attic, one side being used as a bedroom and the other as storage. This home presents an excellent opportunity for customization and updating to suit your personal style. There are many areas of this home that will need your personal touch.
Additionally, there is an unfinished basement with great potential for expansion, providing valuable storage space or the possibility for further creation of living space.
In terms of the location, it is very much prime and and in many ways unbeatable at this price point. You are around the corner from Cortelyou Road and all of its vibrancy, culture, restaurants and transportation. You are with in a block or two of the Q,B at Newkirk or at Cortelyou Road. You are a short distance from Prospect Park and you are living in one of the most beautiful neighborhoods in the United States. This charming home offers the perfect balance of peaceful suburban living and convenient city access.
Don't miss the opportunity to make this unique property your own and enjoy all that Ditmas Park has to offer.
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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 |
|---|---|---|---|
| Aug 15, 2025 | Sold | ||
| Sold | |||
| May 23, 2025 | In contract | - | |
| In contract | |||
| Apr 25, 2025 | Price Decreased |
$1,499,000
↓ $76K
(4.8%) | |
| Price Decreased | |||
| Apr 1, 2025 | Price Decreased |
$1,575,000
↓ $120K
(7.1%) | |
| Price Decreased | |||
| Feb 17, 2025 | Price Decreased |
$1,695,000
↓ $54K
(3.1%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017