618 Madison Street
About This Property
Discover comfort and convenience in this beautifully updated 2 bedroom, 1 bath bungalow ideally located near major highways, shopping centers, restaurants, and top-rated schools. Step inside to find a bright and inviting interior featuring fresh paint and hardwood flooring throughout. The modernized kitchen and bath offer stylish finishes and updated fixtures, perfect for today's lifestyle.
Enjoy your morning coffee or unwind in the evenings on the spacious front screened porch, now featuring a new roof, gutters, and screening. The entire exterior has been freshly painted, giving the home great curb appeal. Mechanicals are all less than 8 years old, including updated ductwork and a new central air system installed in 2023, providing year-round comfort. Windows and doors have been replaced throughout, enhancing energy efficiency and security.
The partially fenced backyard offers a private outdoor space with room to relax, garden, or entertain. This home blends classic charm with modern upgrades ~~a perfect choice for first-time buyers or downsizers alike! Call today for a tour!!
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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 |
|---|---|---|---|
| Aug 11, 2025 | Sold | ||
| Sold | |||
| Jul 13, 2025 | In contract | - | |
| In contract | |||
| Jul 2, 2025 | Listed by ERA REARDON REALTY, L.L.C. | $128,999 | |
| Listed by ERA REARDON REALTY, L.L.C. | |||
| Jul 21, 2017 | Sold | ||
| Sold | |||
| Mar 7, 2017 | Listed by ERA REARDON REALTY, L.L.C. | $42,500 | |
| Listed by ERA REARDON REALTY, L.L.C. | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017