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727 Clarence Avenue
About This Property
Welcome to this single-family home in a great location offering beautiful water views and tremendous potential.
The first floor features a bright living room, kitchen, and dining area with direct access to the backyard garden, perfect for relaxing or entertaining. The second floor includes three comfortable bedrooms and a full bathroom.
The ground level offers a one-bedroom in-law apartment, ideal for extended family or guest use. Additional highlights include a gas boiler, a large driveway with ample parking, and a spacious backyard garden.
The home requires renovation, and the asking price is set well below market value, providing a fantastic opportunity for investors or buyers looking to create their dream home.
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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 |
|---|---|---|---|
| Jan 15, 2026 | Sold | ||
| Sold | |||
| Oct 20, 2025 | In contract | - | |
| In contract | |||
| Oct 7, 2025 | Listed by Link NY Realty | $525,000 | |
| Listed by Link NY Realty | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017