85 Summit 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 |
|---|---|---|---|
| Aug 1, 2025 | Sold | ||
| Sold | |||
| Jun 10, 2025 | In contract | - | |
| In contract | |||
| May 13, 2025 | Price Decreased |
$945,000
↓ $50K
(5%) | |
| Price Decreased | |||
| Mar 17, 2025 | Price Decreased |
$995,000
↓ $105K
(9.6%) | |
| Price Decreased | |||
| Jan 30, 2025 | Listed | $1,100,000 | |
| Listed | |||
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The historic Cushman-Harlow House features wide pumpkin pine floors & preserved details. The kitchen offers an oversized island, cast iron sink, gas cooktop, soapstone sink & counters, built-in oven & wine fridge. A breakfast room overlooks the backyard’s IG saltwater- heated* pool, hot tub, fruit trees & gardens. The property includes a 3-4 vehicle barn with a dedicated driveway, perfect for homesteaders or small business owners, as well as animal stables, 2-car garage with lift & oversized shed. The main floor has multiple, versatile living areas, a butler’s pantry & 1.5 baths. Upstairs, 3 bedrooms share a brand new bath w/ WIC, plus a bonus room. Solar panels are owned. A 2015 attached main level in-law suite boasts a modern open layout w/ full kitchen, dining & living areas, bedroom w/ WIC, laundry, full bath, private deck & driveway—ideal for multi-generational living! Brand New septic already installed! There’s so much more to see in person, schedule your visit today.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017