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583 Young Street
About This Property
The pool has seen consistent, thoughtful care: concrete stabilization under the pool and decking in 2016, a new gas heater in 2018, a full screen enclosure replacement in 2021, a beautiful resurfacing with new tile, an in-floor pop-up cleaning system, and salt chlorination in 2022, and a new filtration system in 2023. Out back, a 400 sq ft fire pit paver patio was added in 2018, and a stunning 39' x 16' wood deck followed in 2019.
More recently, 2024 brought full house insulation, fresh interior paint, a new water heater, and a second new A/C unit -- joining the one replaced in 2019 -- so both systems are modern and efficient. And just ahead in June 2026, a $17,000 landscaping project behind the pool on the bluff gets underway, a finishing touch the new owners will enjoy from day one.
This property has been cared for with real intention - more than move-in ready it is move-in confident!
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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%.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017