551 W Walnut Avenue
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 |
|---|---|---|---|
| Jun 29, 2025 | Sold | ||
| Sold | |||
| May 28, 2025 | In contract | - | |
| In contract | |||
| May 19, 2025 | Listed by COMPASS | $799,950 | |
| Listed by COMPASS | |||
| May 7, 2025 | Price Decreased |
$899,000
↓ $51K
(5.4%) | |
| Price Decreased | |||
| Apr 6, 2025 | Listed | $950,000 | |
| Listed | |||
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Charming home in beautiful area with mountain views. Original hardwood floors in great condition. Kitchen has been upgraded with new floors, refinished cabinets and new counter tops. Living room has fireplace with beautiful tiles of Ernest A. Batchelder. Two original bedrooms and a Master bedroom addition with master bath attached. Master has a walk in closet with bookshelf barn door. Back yard has an above ground resistance swim pool/spa, Tuff Shed with finished walls and electricity and another small storage shed. RV parking in side yard. Back yard also has large shade and fruit trees. Attic has dropdown ladder and can be used for storage. Seller is related to Selling agent.
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Property Highlights
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017