39559 Olite Court
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 16, 2026 | Listed by A-Z REALTY & INVESTMENT CORP | $810,000 | |
| Listed by A-Z REALTY & INVESTMENT CORP | |||
| Mar 12, 2026 | Sold | ||
| Sold | |||
| Feb 11, 2026 | In contract | - | |
| In contract | |||
| Jan 9, 2026 | Listed by BBS Brokers Realty | $769,000 | |
| Listed by BBS Brokers Realty | |||
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First time on the market and proudly offered by the original owners. This exceptional residence showcases true pride of ownership and was built by the original builder of Espana. Offering 6 bedrooms and nearly 4,000 square feet of living space, this home blends timeless elegance with thoughtful modern updates. A grand, voluminous entry welcomes you with a stunning chandelier, setting the tone for the formal dining room and spacious living room, complete with a statement fireplace. The well-appointed kitchen features an island, separate pantry, and newer stainless steel appliances, including a convection oven and Wi-Fi-enabled oven--perfect for both everyday living and entertaining. The expansive primary suite (with 2 closets) is conveniently located downstairs, along with two additional main-level bedrooms. Recent updates include interior paint completed just a few years ago, two newer A/C units, new carpet in the upstairs bedrooms, pre-wiring for surround sound, shutters and LED lighting throughout most of the home, and recently installed luxury vinyl plank flooring. The backyard is a true desert oasis, thoughtfully designed with pavers that extend along the sides of the home, fire bowls, a stacked-stone planter wall, new exterior gate, an outdoor Blaze BBQ kitchen, and an expansive alumawood patio--ideal for relaxing or hosting gatherings. Low HOA dues and a prime location close to shopping, dining, and Acrisure Arena add to the appeal. Homes of this size, quality, and craftsmanship are rarely available--an exceptional opportunity.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017