609 W Michigan 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 |
|---|---|---|---|
| Jul 24, 2025 | Sold | ||
| Sold | |||
| Jun 21, 2025 | In contract | - | |
| In contract | |||
| Jun 9, 2025 | Listed by Val Stover Real Estate Team | $399,900 | |
| Listed by Val Stover Real Estate Team | |||
| Aug 2, 2021 | No longer available | - | |
| No longer available | |||
| Apr 28, 2021 | Listed by THINKING REAL ESTATE | $450,000 | |
| Listed by THINKING REAL ESTATE | |||
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This beautiful home is overflowing with historic character and artistic flair, close to downtown! The wonderful landscaping greets you as you walk up to the front porch & leads you to the double door foyer. The oversized entryway has a fireplace & plenty of space for a small sitting area. The huge living/family room takes up half the 1st floor & features large windows, fireplace w/full bathroom. The open kitchen has tons of counterspace & cupboards with eat-in area, a formal dining room, & a sun room that leads to the backyard. The second floor features 4 large bedrooms, den perfect for book lovers, and full bathroom. One bedroom features a sunroom overlooking the backyard. The walk-up attic is ready to be finished and could be an amazing master suite. The basement is setup for a MIL suite with full kitchen, living room w/fireplace, bedroom, bathroom, and private entrance. The backyard is perfect for entertaining with several separate spaces, built-in BBQ, fireplace, & veranda. The manager has listed the unit size as 3086 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017