15505 59th Avenue
About This Property
This solid, south-facing brick home features 3 bedrooms and 2 full baths with a flexible layout ideal for extended or multi-generational living. The first floor includes a bedroom and full bath-great for guests or in-law use. The second floor offers a sunlit living room, formal dining area, kitchen, two additional bedrooms, and another full bath. A basement with direct backyard access adds great potential for storage, recreation, or future finishing. The home also includes a private garage. Conveniently located near the Long Island Expressway (I-495) and Kissena Park, with access to the Kissena Velodrome, Kissena Park Golf Course, Queens College, shopping and local conveniences nearby. The house needs WORK, offering a great opportunity to customize and add value.
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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 |
|---|---|---|---|
| Oct 1, 2025 | Sold | ||
| Sold | |||
| Jun 12, 2025 | In contract | - | |
| In contract | |||
| May 5, 2025 | Listed by RE/MAX Team | $875,000 | |
| Listed by RE/MAX Team | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017