715 Martin Street
About This 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 |
|---|---|---|---|
| Sep 21, 2026 | Sold | ||
| Sold | |||
| Aug 14, 2026 | In contract | - | |
| In contract | |||
| Jul 29, 2026 | Listed by Success Realty | $248,000 | |
| Listed by Success Realty | |||
| Apr 10, 2024 | Sold | ||
| Sold | |||
| Feb 16, 2024 | Listed by Fathom Realty NC, LLC | $325,000 | |
| Listed by Fathom Realty NC, LLC | |||
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Current list price reflects anticipation of future razing of dwelling at 713 Martin St.
New construction opportunity on flat/level .25 acre flag lot. No HOAs. Good proximity to downtown, universities, med centers, plus interstate. 30 year warranty on shingles. On-demand Takagi(r) water heater, located in attic. Gas furnace. Vinyl siding. 18'x 18' parking pad. Tall, efficient, dual pane casement windows. LVP + LVT throughout. Quartz countertop in kitchen and bathrooms. Stainless Frigidaire K appliances. Stainless farmhouse K sink. Soft close cabs. Large utility room designed for laundry apps. Large walk in shower in Primary BA. Both BAs have subway tiles. 2 closets in primary BR, one walk in. Builder grade flush mount lighting plus pre-wiring for ceiling fans. Electric car charger pre-wiring. Gravel driveway. DWELLING AT 713 MARTIN WILL BE RAZED AFTER TENANT VACATES IN APRIL which is visually separated by a privacy fence.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017