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9071 3RD Avenue
About This Property
Previously used as a rental, this property generated $1,295 per month in income, making it a strong investment opportunity or an affordable primary residence.
Major updates include a roof replaced in 2018, septic tank and drain field replaced in 2021-2022, plus new sewer lines and a new septic pump for added peace of mind and reduced maintenance concerns.
Whether you're looking to expand your portfolio or find your next home, this property offers value and versatility. No seller financing or subject-to offers.
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Cap Rate Calculator
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 6, 2026 | In contract | - | |
| In contract | |||
| Aug 17, 2026 | Price Decreased |
$117,250
↓ $3K
(2.2%) | |
| Price Decreased | |||
| Jul 27, 2026 | Price Decreased |
$119,900
↓ $4K
(2.9%) | |
| Price Decreased | |||
| Jul 9, 2026 | Price Decreased |
$123,500
↓ $500
(0.4%) | |
| Price Decreased | |||
| Jul 4, 2026 | Price Decreased |
$124,000
↓ $900
(0.7%) | |
| Price Decreased | |||
Property Highlights
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017