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701 Archer Street
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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%.
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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 7, 2026 | Sold | ||
| Sold | |||
| Jul 30, 2026 | In contract | - | |
| In contract | |||
| Feb 27, 2026 | Listed by Coldwell Banker Realty | $1,780,000 | |
| Listed by Coldwell Banker Realty | |||
| Feb 3, 2021 | Sold | ||
| Sold | |||
| Dec 24, 2020 | Listed by Coldwell Banker Realty | $1,149,999 | |
| Listed by Coldwell Banker Realty | |||
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VIEWS OF MONTEREY BAY!! Welcome home to this beautiful 3 bedroom, 3 bath reverse floorplan with amazing views. Master bedroom and additional bedroom upstairs with a full bath in the hallway and downstairs you will find a full ensuite (with bay views). Located on a corner lot with backyard featuring a Bocci Ball court and front patios & balcony for sipping that morning coffee or relaxing after a long day! Renovated kitchen w/ stainless steel appliances, quartz countertop, gas range, plenty of cabinets, open floorplan concept with views from living room, dining area and kitchen. Kitchen & Living Room feature ceramic tile flooring and upstairs bedrooms have new carpet. The remodeled master bathroom has a spa-like walk in shower and jetted tub. The backyard has a lemon tree, 2 apple trees, 2 pear trees and an apricot tree for those who love to grow their own fruit. Cannery Row, Monterey Bay Aquarium and the rec trail are just a few places near by. Come live by the bay!!!
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About New Monterey
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017