34
Map
57 Empire Drive
About This Property
A new roof and structure have just been completed over the original cottage section, a new well pump was installed in the last 6 months and waste lines to the septic tank have been re-plumbed. Home features a whole house auto generator.
The off street parking in the rear of the home can accommodate 4 cars. The parking area base is constructed with honeycomb pavers to allow proper absorption of rain water.
The owners have always used the back as the primary entrance because of the many stairs required to access the front door. There is a driveway in front of the home accessing those stairs- so if you like exercise. The taxes do not reflect the basic STAR savings of $835. There is an ADA compliant ramp at the rear of the home.
Some updating could make this a great home for years to come!
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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 27, 2025 | Sold | ||
| Sold | |||
| Jul 5, 2025 | In contract | - | |
| In contract | |||
| Jun 1, 2025 | Price Decreased |
$375,000
↓ $20K
(5.1%) | |
| Price Decreased | |||
| May 11, 2025 | Listed by Coldwell Banker Realty | $395,000 | |
| Listed by Coldwell Banker Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017