1517 First Light Dr
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 |
|---|---|---|---|
| Jun 25, 2026 | Sold | ||
| Sold | |||
| May 20, 2026 | Listed | $565,000 | |
| Listed | |||
| Apr 19, 2023 | No longer available | - | |
| No longer available | |||
| Apr 18, 2023 | Sold | ||
| Sold | |||
| Mar 7, 2023 | Listed by RE/MAX Alliance | $515,000 | |
| Listed by RE/MAX Alliance | |||
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Don't wait for new construction - all landscaping, fences, & enlarged patio completed & ready for your enjoyment! Spacious main floor features a bright kitchen with white shaker cabinets & SS appliances that opens to dining area, patio & living area, primary suite with private bath, plus 2 additional bedrooms & full shared bath upstairs. Unfinished basement for future expansion or additional storage, plus a tandem 3 car garage! The manager has listed the unit size as 2588 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017