26
Map
541 Shant ST
About This Property
Key updates include a water heater installed in 2019, newer toilets, updated lighting fixtures, and an HVAC system that has been serviced regularly. The foundation is solid, making this a straightforward opportunity to enhance value through paint, flooring, and other cosmetic updates.
Located in the sought-after Park Place neighborhood, the home sits just across the street from nearly one million square feet of dining, retail, and entertainment at Southpark Meadows. With convenient access to shopping, restaurants, major employers, and commuter routes, this location supports both strong resale and rental potential.
Photo Disclosure:
The photos currently displayed are from the property's previous listing prior to the current owner's purchase and are provided to illustrate the home's potential. Current photos are available upon request.
A great property, in a great location, at a great price-this is a compelling opportunity for investors seeking upside with minimal risk.
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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 |
|---|---|---|---|
| Feb 7, 2026 | In contract | - | |
| In contract | |||
| Jan 21, 2026 | In contract | - | |
| In contract | |||
| Jan 14, 2026 | Listed by Keller Williams Realty | $325,000 | |
| Listed by Keller Williams Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017