3502 Sheldon Drive
About This Property
MARCH 2026 RENOVATIONS: replaced tiles in upstairs bathroom, replaced all ceiling fans, new carpet upstairs, upgraded all baseboards, all bathroom new modern quartz sinks/counters and faucets updated, new lighting fixtures in bathrooms, and new chandelier in entry.
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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
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 5, 2026 | Sold | ||
| Sold | |||
| May 13, 2026 | In contract | - | |
| In contract | |||
| Mar 7, 2026 | Relisted | $325,000 | |
| Relisted | |||
| Feb 20, 2026 | Withdrawn | - | |
| Withdrawn | |||
| Jan 20, 2026 | Price Decreased |
$325,000
↓ $10K
(3%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017