701 Archer Street
About This Property
The main level features an open concept floor plan with a spacious living room w/fireplace, a dining room, an office, a gourmet kitchen and a large primary bedroom with a luxurious bathroom. Kitchen has been designed to suit a modern lifestyle with a massive, waterfall style island, quartzite counters, exquisite appliances and a "hidden behind the custom cabinetry large butler's pantry. You'll also find a laundry room with a dog shower & an oversized garage - 12ft high ceilings/24ft long & EV charging station! Upstairs features a 2nd primary suite with a gorgeous bathroom and 3 other bedrooms with a great game-room. Amazing porch in the front, full gutters and much more!
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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 | Temporarily off market | - | |
| Temporarily off market | |||
| Oct 31, 2025 | Price Decreased |
$1,279,900
↓ $18K
(1.4%) | |
| Price Decreased | |||
| Oct 10, 2025 | Listed by Keller Williams Memorial | $1,298,000 | |
| Listed by Keller Williams Memorial | |||
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This beautifully renovated 1920s Heights bungalow blends classic charm & modern luxury, taken to the foundation & FULLY REDONE IN 2024. Offering white oak floors throughout, high-end finishes, an open-concept layout, formal dining, top-tier appliances, a HIDDEN BUTLER'S PANTRY with full secondary fridge, a private home office along with TWO PRIMARY BEDROOMS, & a massive game room with a BONUS ROOM that can serve multiple purposes, including as a 5TH BEDROOM. Additional highlights include a massive laundry room with built-in mud area & DOG WASHING STATION, a 24 FOOT LONG OVERSIZED GARAGE W/ EV CHARGING STATION, a fully fenced yard on a corner lot, & tankless water heater & water softener. All furniture, wall art & decor can be included for the right price!
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| Feb 29, 2024 | Sold | ||
| Sold | |||
| Feb 9, 2024 | In contract | - | |
| In contract | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017