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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%.
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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.
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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 |
|---|---|---|---|
| Apr 29, 2026 | No longer available | - | |
| No longer available | |||
| Oct 31, 2025 | In contract | - | |
| In contract | |||
| Sep 18, 2025 | Price Decreased |
$665,000
↓ $20K
(2.9%) | |
| Price Decreased | |||
| Jul 23, 2025 | Temporarily off market | - | |
| Temporarily off market | |||
| Jul 22, 2025 | Listed by Genstone Properties | $685,000 | |
| Listed by Genstone Properties | |||
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**Spacious Home on 2 Acres – Incredible Opportunity!**
85 Smith Rd offers over 3820 sq. ft. of potential on a stunning 2-acre lot. With a new roof, siding, and modern propane HVAC system, the home features updated electrical, plumbing, and finished sheetrock, creating a strong foundation for your finishing touches.
Currently configured with 3 extremly large bedrooms, it can easily converted 4 to 5 bedrooms. The full basement and spacious layout provide endless customization options.
Ready for final touches—kitchen, bathrooms, flooring, deck, and landscaping—this home is listed at $685K with an ARV of $900K-$950K. Open permits require COs. Don’t miss this prime opportunity!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017