27
Map
1503 55TH AVENUE W
About This Property
The heavy lifting is already done with major mechanical updates already in place, including a brand-new roof (2026) and a reliable A/C system replaced in 2022, giving you peace of mind as you tackle cosmetic updates. The functional floor plan includes multiple living and dining areas, a generously sized family room addition, and a great footprint for updating the kitchen and bathrooms.
Situated on a generous lot with plenty of outdoor space, the property lends itself perfectly to creating a backyard oasis. Perfectly positioned in a convenient location close to local shopping, dining, and a short drive to world-class Gulf Coast beaches, opportunities with this much square footage, major updates completed, and upside potential are rare. Bring your vision and capitalize on this exceptional find!
Listed By
Payment Calculator
Your Estimated Monthly Payment
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
Building Info
Comparables
Status
Price/ft²
Listed On
Sold On
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017