40
Map
598 2nd Street SE
About This Property
This amazing property has access to the back yard through both sides of the property, you can put whatever you want in the yard, trucks, trailers, sheds and more, plenty room for a future pool. Asphalt driveway and automatic irrigation system This property is a gem and a hidden paradise at the end of the street, perfect for relaxing, barbecues, outdoor parties with friends and family. The interior is offering a bright open concept, formal living and dining room, plenty room for storage and laundry inside residence, kitchen has granite countertops, stainless steel appliances and modern shakers cabinets, fresh paint inside and out, tile throughout.
*******Seller Motivated, seller concessions available. REALTORS: Bring your buyer, bring our offer. *********
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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 |
|---|---|---|---|
| Jun 8, 2026 | Sold | ||
| Sold | |||
| Apr 11, 2026 | In contract | - | |
| In contract | |||
| Apr 1, 2026 | Price Decreased |
$589,900
↓ $10K
(1.7%) | |
| Price Decreased | |||
| Mar 13, 2026 | Price Decreased |
$600,000
↓ $40K
(6.2%) | |
| Price Decreased | |||
| Feb 14, 2026 | Price Decreased |
$639,900
↓ $40K
(5.9%) | |
| Price Decreased | |||
Property Highlights
Building Info
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Price/ft²
Listed On
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About Rural Estates
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$8,000 /mo
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$2,700 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017