25
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871 MELBA Street
About This Property
Step inside to find luxury vinyl plank flooring, fresh neutral paint, and a stunning brand-new kitchen featuring updated cabinetry, beautiful quartz countertops, and sleek stainless steel appliances. Every detail has been thoughtfully designed, blending classic charm with modern convenience.
Outside, enjoy a spacious yard--perfect for kids, pets, entertaining, or simply relaxing. The detached garage adds incredible flexibility for parking, storage, or hobbies.
Major Updates Include a new tankless water heater this year (2026). The roof was replaced in 2020.
This home is the one you've been waiting for - it checks all the boxes-location, upgrades, & character! Schedule your showing today!
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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 |
|---|---|---|---|
| Sep 26, 2026 | In contract | - | |
| In contract | |||
| Aug 24, 2026 | Price Decreased |
$239,900
↓ $15K
(5.9%) | |
| Price Decreased | |||
| Aug 8, 2026 | Relisted | $255,000 | |
| Relisted | |||
| Jun 11, 2026 | In contract | - | |
| In contract | |||
| May 29, 2026 | Price Decreased |
$255,000
↓ $10K
(3.8%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017