604 CHERRY STREET
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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 |
|---|---|---|---|
| Apr 28, 2025 | Sold | ||
| Sold | |||
| Apr 3, 2025 | In contract | - | |
| In contract | |||
| Mar 9, 2025 | Listed | $204,900 | |
| Listed | |||
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Rare multi-vehicle fenced parking. Detached large garage. 3 Bedrooms 1 Bath. Extra-large yard. Large eat-in kitchen. Open concept living and dining room area. Full sized attic with egress and stair entry. Well maintained furnace. 2024 hot water heater. Mud room. 604 Cherry is a rare property with extensive private fenced parking. Excellent location with access to all major roads, schools, commuter roads, sports and arts venues, hospitals and places of worship. 604 Cherry is an incredibly valuable opportunity in this highly competitive market place for all buyer types from family to investor. Sold As-Is, buyer responsible for certificate of occupancy after closing. Tours are by appointment only. FINAL OFFERS DUE THURSDAY 3-20-25 at 2pm.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017