1
Map
574 Florence Street
About This Property
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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 |
|---|---|---|---|
| Jul 31, 2025 | Sold | ||
| Sold | |||
| Jul 3, 2025 | In contract | - | |
| In contract | |||
| Jun 28, 2025 | Listed | $519,500 | |
| Listed | |||
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Welcome to 574 Florence Street. This beautifully maintained custom-built ranch is ideally situated in one of the area's most sought-after neighborhoods. The well-maintained home features expansive rooms, hardwood floors, and exceptional storage with numerous closets throughout. Enjoy evenings by the fireplace or create masterpiece meals for family and friends in the spacious kitchen, complete with ample cabinetry and storage space. Modern updates include a new heating system and an upgrade to the electric service from the panel to the street. The finished lower level features a heated playroom with a wet bar and half-bath, perfect for entertaining. A bright sunroom just off the family room invites year-round enjoyment. Whether enjoying the privacy of the backyard or taking a walk in the neighborhood, clients will love this home for years to come. Ready to move in.
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| Jun 27, 2025 | Temporarily off market | - | |
| Temporarily off market | |||
| Jun 16, 2025 | Price Decreased |
$519,500
↓ $30K
(5.5%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017