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623 2nd Street
About This Property
*Single-family
*20' wide
*Park block location
*Central air conditioning
*Mature garden
*Renovated kitchen and baths
*Original floors and details
*PS 321
*Move-in condition
Built in 1902, the limestone facade gleams and invites you up a rebuilt stoop. The parlor floor offers a formal dining room with a bay window, a center parlor with a gas fireplace, a large living room with a wood-burning fireplace, and a spacious, renovated kitchen overlooking the garden. Original parquet floors have been restored, and every window on this floor has been replaced.
Up the center staircase, with its beautiful woodwork, you will find a south-facing primary suite, also with a bay window. The bath was completed less than 2 years ago and features heated floors and marble surfaces. In the rear of the house is another bedroom (currently used as a den) with a wood-burning fireplace and another full bath. The windows in the primary bedroom have been replaced.
The top floor features two large bedrooms, an office/nursery, and a full bathroom. Skylights flood this floor with natural light. Front-facing windows have been replaced.
Below the parlor floor is an English basement. It has been renovated to provide a large TV room/play room, an office, a laundry room, and a powder room. Access is from the kitchen or from outside, under the stoop.
Improvements to this lovely home include:
*New roof 2019
*Waterproofing in front and back of the house
*3 zone CAC - basement, parlor floor, and two bedroom floors
*Bluestone pavers in front
*Stoop rebuilt
*Heated floors in the kitchen and primary bath
*Replacement windows in front of the house, dining room, and kitchen
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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 |
|---|---|---|---|
| Feb 13, 2026 | Sold | ||
| Sold | |||
| Oct 28, 2025 | In contract | - | |
| In contract | |||
| May 27, 2025 | Price Decreased |
$6,500,000
↓ $200K
(3%) | |
| Price Decreased | |||
| Mar 4, 2025 | Listed by Compass | $6,700,000 | |
| Listed by Compass | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017