724 W Cedar Street
About This Property
The kitchen offers abundant cabinetry and countertop space, open shelving, pantry storage, and a practical layout. A separate laundry/utility area provides additional storage and workspace. Updated bathrooms include a tiled walk-in shower and a separate tub/shower.
Generously sized bedrooms provide plenty of flexibility for family, guests, an office, hobby space, or a home workspace. The large covered front porch adds even more usable space and character.
Step outside to a spacious backyard with plenty of room for pets, gardening, outdoor entertaining, or future improvements. The rear of the home also offers a convenient secondary entrance and outdoor sitting area.
Conveniently located close to shopping, dining, schools, and everyday amenities, this home offers the perfect combination of established neighborhood character and accessibility. With spacious rooms, multiple living areas, updates, and a large usable backyard, this property offers a lot of opportunity for the next owner. Come see the possibilities!
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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 |
|---|---|---|---|
| Oct 6, 2026 | Listed by Epique Realty | $245,000 | |
| Listed by Epique Realty | |||
| Apr 23, 2025 | Price Decreased |
$249,900
↓ $8K
(3%) | |
| Price Decreased | |||
| Mar 25, 2025 | Price Decreased |
$257,500
↓ $8K
(2.8%) | |
| Price Decreased | |||
| Mar 12, 2025 | Price Decreased |
$265,000
↓ $10K
(3.6%) | |
| Price Decreased | |||
| Mar 5, 2025 | Listed | $275,000 | |
| Listed | |||
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HIGHLY MOTIVATED SELLERS!!! Welcome to this beautifully remodeled 5-bedroom, 2-bathroom home. Originally built in 1938, this residence seamlessly blends classic charm with contemporary upgrades. The interior has been thoughtfully updated with fresh paint, luxury vinyl plank (LVP) flooring, and stylish light fixtures, creating a bright and inviting atmosphere. The kitchen boasts granite countertops and comes equipped with new appliances, providing both functionality and elegance. Enjoy peace of mind with a new electrical panel, a new hot water heater and Six mini-split systems, reflecting the homes commitment to modern efficiency. This home is a perfect blend of historic character and modern amenities, ready to provide comfort and style for its new owners.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017