112-31 38 Avenue #5B
About This Property
Situated in a well-maintained elevator building built in 2009, with laundry facilities available, the property also benefits from a 421a tax abatement-keeping annual real estate taxes remarkably low at just $352.76 per year.
This bright and airy unit features a desirable southern exposure, flooding the space with natural light through multiple windows. Step out onto the spacious private terrace and enjoy gorgeous open views-ideal for relaxing or entertaining. The interior boasts hardwood flooring throughout, a modern kitchen outfitted with stainless steel appliances, a dishwasher, and a vented hood. The generously sized bedroom includes a massive walk-in closet for all your storage needs.
Whether you're a first-time buyer or savvy investor, this charming condo is a rare find that combines comfort, style, and unbeatable location.
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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
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
02/18/2026
|
2 Bed
|
2 Bath
|
700 ft²
|
$499,998
2 Bed
2 Bath
700 ft²
|
-
-
|
Xiao Dan Xu SFR
Winzone Realty Inc
| |
|
11/21/2025
|
1 Bed
|
1 Bath
|
498 ft²
|
$388,000
1 Bed
1 Bath
498 ft²
|
$345,000
-11.08%
04/06/2026
|
Min Chen
HOUSE KEY REALTY LLC
| |
|
04/21/2025
|
1 Bed
|
1 Bath
|
703 ft²
|
$420,000
1 Bed
1 Bath
703 ft²
|
$405,000
-3.57%
08/20/2025
|
Khalid Rafey
Century Homes Realty Group LLC
| |
|
05/05/2023
|
2 Bed
|
2 Bath
|
-
|
$440,000
2 Bed
2 Bath
|
-
-
|
Xiao Zheng
Century Homes Realty Group LLC
| |
|
11/01/2021
|
2 Bed
|
2 Bath
|
711 ft²
|
$560,000
2 Bed
2 Bath
711 ft²
|
-
-
|
Yan Yu
Winzone Realty Inc
| |
|
10/01/2021
|
1 Bed
|
1 Bath
|
-
|
$390,000
1 Bed
1 Bath
|
-
-
|
Xin Lin
Chase Global Realty Corp
| |
|
09/17/2019
|
2 Bed
|
2 Bath
|
-
|
$489,000
2 Bed
2 Bath
|
$470,000
-3.89%
01/09/2020
|
Meizi Cui
E Realty International Corp
| |
|
02/15/2019
|
2 Bed
|
2 Bath
|
751 ft²
|
$519,000
2 Bed
2 Bath
751 ft²
|
-
-
|
William C. Teng
Perfect Group Realty Inc
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017