820 Matthews Way
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 |
|---|---|---|---|
| Nov 7, 2025 | Sold | ||
| Sold | |||
| Oct 9, 2025 | In contract | - | |
| In contract | |||
| Oct 1, 2025 | Listed by Mountain Realty Group | $439,900 | |
| Listed by Mountain Realty Group | |||
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This three-bedroom, three-bath home features a main residence upstairs and a finished basement that feels like a second home. The main level includes three bedrooms and two bathrooms, with beautiful wood floors and tiled bathrooms. The kitchen boasts granite countertops and a covered porch just off it. The setting is very private and peaceful, complemented by a large storage building. Entry to the main level is at the front of the house. The current owner did have an elevator to connect the upper and lower level, but it stopped working and has been taken out. Might be possible to put stairs in to reconnect the levels if desired. Each level has its own washer and dryer. The lower level has a separate entrance, making it ideal for in-law quarters or rental space, with a kitchen, bathroom, and a bonus room—offering endless possibilities. The kitchen area, perfect as a game room, has a wall air conditioning unit. The owner used an oil heating system without issues. There is a detached metal garage with a car lift, which is negotiable; it is fairly new and a must-see to believe.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017