10551 Sunset Strip
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 8, 2025 | Price Decreased |
$624,997
↓ $1
(0%) | |
| Price Decreased | |||
| Jul 26, 2025 | Price Decreased |
$624,998
↓ $1
(0%) | |
| Price Decreased | |||
| Jun 7, 2025 | Price Decreased |
$624,999
↓ $1
(0%) | |
| Price Decreased | |||
| Feb 16, 2024 | Listed | $625,000 | |
| Listed | |||
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No HOA. Excellent investment property. Rented for $5,736 USD/month to a Section 8 tenant (as of January 2026, the government portion is $3,236 USD, the tenant $2,500 USD). Renewal date: December 31, 2026. The tenant has been at the property since January 2023. Roof 2009, Spacious Lot 5,997 Sqft.
The current management company can be facilitated. Please do not disturb the tenant or knock on the door!
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| Nov 2, 2022 | Sold | ||
| Sold | |||
Property Highlights
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017