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551 Richmond St
About This Property
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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 11, 2026 | Sold | ||
| Sold | |||
| Aug 29, 2026 | In contract | - | |
| In contract | |||
| Jul 28, 2026 | Listed by Red Oak Realty | $799,000 | |
| Listed by Red Oak Realty | |||
| Nov 9, 2017 | Sold | ||
| Sold | |||
| Oct 3, 2017 | Listed by COMPASS | $649,000 | |
| Listed by COMPASS | |||
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Location! Location! 80 walk score!! This fabulous 1918 bungalow newly painted inside & out boasts a living/dining room with high ceilings, beautiful hardwood floors, industrial bronze lighting, and plenty of natural light from the many windows that flank the south side of the house. An updated kitchen features new Quartz counter-tops, stainless steel appliances, and undermount sink. Both bedrooms possess large closets and refinished softwood floors. The plus room off the kitchen is perfect for a home office. The new forced-air-furnace will keep you cozy in the winter months. The sewer is compliant. A professionally landscaped backyard with a newly built horizontal fence features a patio area with crushed rock, new planting, and veggie boxes. The laundry room with front loading washer dryer is off the back of the detached garage perfect for storage. The long driveway gives plenty of room for off street tandem parking. Two blocks to BART. Near Plaza, shopping, eateries, movies & more.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017