608 Thomas Avenue
About This Property
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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, 2025 | Sold | ||
| Sold | |||
| Aug 23, 2025 | In contract | - | |
| In contract | |||
| Jun 22, 2025 | Price Decreased |
$214,900
↓ $10K
(4.5%) | |
| Price Decreased | |||
| Jun 3, 2025 | Listed by Griffin Realty & Associates | $224,900 | |
| Listed by Griffin Realty & Associates | |||
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Unique Two-Unit Property – Ideal for Multi-Generational Living or Investment! Welcome to this beautifully updated home featuring a main house with three bedrooms, two bathrooms, a laundry room, and a brand-new kitchen complete with granite countertops and wood flooring throughout. The second unit features a living space with a full bathroom and kitchenette. The space is perfect for guests, extended family, or potential rental income. This versatile property offers an excellent opportunity for both homeowners and investors alike. Don’t miss out on this one-of-a-kind gem!
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| Oct 7, 2024 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017