381 E 5th Avenue
About This Property
The kitchen is off the back of the home, with access to the fully fenced backyard, where you can plant your own garden or pull up a lawn chair and relax on the grass. A single-car garage can be accessed from the alley and includes washer/dryer hookups. You never have to back out of your driveway - simply take the alley and exit onto E 4th Ave. So Convenient!
The home was upgraded throughout By the previous owner. The listing from 2016 states: COMPLETELY REDONE ELECTRICAL AND GFCI ADDED, NEW CENTRAL HVAC AND DUCT WORK, VENTILATION FANS/EAVES INSTALLED, HOOKED TO CITY SEWER, DUAL PANE WINDOWS, NEW EXTERIOR DOORS, TANKLESS HOT WATER HEATER (OVERSIZED TO ACCOMMODATE ALL APPLIANCES RUNNING AND SHOWER TOO), ALL NEW LIGHT FIXTURES, CROWN MOLDING, MAPLE LAMINATE FLOORING, NEW GUTTERS AND DOWNSPOUTS. FRONT AND BACK YARDS HAVE ALL NEW IRRIGATION LINES AND SPRINKLER SYSTEM, CONCRETE PATIO POURED IN BACKYARD AND NEW DRIVEWAY POURED IN FRONT. Buyer to verify everything they deem important to their purchase of this home.
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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 |
|---|---|---|---|
| Feb 14, 2025 | Sold | ||
| Sold | |||
| Jan 7, 2025 | In contract | - | |
| In contract | |||
| Dec 20, 2024 | Price Decreased |
$359,000
↓ $26K
(6.8%) | |
| Price Decreased | |||
| Nov 13, 2024 | Relisted | $385,000 | |
| Relisted | |||
| Oct 25, 2024 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017