571 Main Street
About This Property
Inside, original hardwood floors await restoration to their natural gleam, while the home's generous rooms and period proportions provide an inviting canvas for a thoughtful cosmetic transformation. The property will require updating throughout, along with roof repair, offering an opportunity to blend historic character with a fresh, modern vision.
Out back, discover one of the property's most special features: a rare Village backyard overlooking the Shingle Kill Creek, creating an unexpected connection to nature right in the center of town. A detached two-car garage adds valuable storage, workshop, or parking space.
And the location is hard to beat. Cairo continues to evolve as a destination for food, shopping, recreation, and community. From this property, enjoy convenient access to Red Star Cafe, Better Days Bookstore, Julia's Local, the Town Park, and the growing collection of businesses and amenities throughout the hamlet.
For the buyer who appreciates historic architecture and sees the potential in restoration, this is an opportunity to reimagine a distinctive 1895 home while preserving the character that makes it so compelling. The property has been winterized, mechanical systems are unknown, sold as-is.
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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 29, 2026 | In contract | - | |
| In contract | |||
| Sep 16, 2026 | Listed by Century 21 New West Properties | $185,000 | |
| Listed by Century 21 New West Properties | |||
| Dec 8, 1999 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017