907 E 3rd Street
About This Property
New roof with all new decking and Class 3 impact-resistant Owens Corning shingles for added durability and potential insurance benefits. All new windows, new doors with updated hardware, new ceiling fans, switches, outlets, and fresh paint inside and out.
Kitchen upgrades include new countertops, stove, hood vent, faucets, and fixtures. New water heater installed. Climate control is handled by three new Wi-Fi/Alexa-enabled mini split units (2 downstairs, 1 upstairs) with warranty coverage included.
This home offers the feel of new construction without the new construction price.
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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 8, 2026 | Listed by Keller Williams Advantage | $149,000 | |
| Listed by Keller Williams Advantage | |||
| Oct 21, 2025 | In contract | - | |
| In contract | |||
| Oct 9, 2025 | Price Decreased |
$39,000
↓ $10K
(20.4%) | |
| Price Decreased | |||
| Jun 25, 2025 | Price Decreased |
$49,000
↓ $6K
(10.9%) | |
| Price Decreased | |||
| May 9, 2025 | Listed | $55,000 | |
| Listed | |||
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This home has 3 bedrooms but could potentially have a 4th. There is 1 hall bath, a seperate utility room. The back yard is mostly fenced, has a personal paved driveway and a large covered front porch. Will not need much to be move in ready. Easy access to Hwy 75 and close to town. Would make a great investment property.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017