637 Leonard Street
About This Property
Step inside to a timeless formal living room featuring a beautiful original fireplace mantle and an elegant bay window that fills the space with natural light. The adjoining formal dining room is enhanced with classic ceiling molding, perfect for hosting family and friends.
The kitchen is equipped with recessed lighting, granite countertops, and ample cabinet and counter space, seamlessly flowing into a casual living room-ideal for everyday comfort.
Generously sized bedrooms offer abundant natural light, creating a warm and welcoming atmosphere throughout the home.
The low-maintenance backyard is finished in pavers and surrounded by lush tropical landscaping, featuring a large awning to provide shade on warm summer days. A detached garage at the rear offers excellent ADU potential, adding value and flexibility to this already exceptional 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 |
|---|---|---|---|
| Nov 7, 2025 | Sold | ||
| Sold | |||
| Oct 2, 2025 | In contract | - | |
| In contract | |||
| Sep 25, 2025 | Relisted | $829,900 | |
| Relisted | |||
| Sep 9, 2025 | In contract | - | |
| In contract | |||
| Aug 22, 2025 | Relisted | $850,000 | |
| Relisted | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017