22
Map
407 5TH STREET
About This Property
The property is not considered a typical owner-occupant opportunity and is best suited for experienced investors seeking their next project. Value is primarily in the land and redevelopment potential. Due to the condition of the home, cash offers or other non-traditional financing are strongly preferred.
The Estate has never occupied the property and makes NO REPRESENTATIONS OR WARRANTIES regarding the condition of the home or its systems. Buyer is responsible for conducting all inspections and verifying all information deemed material to their purchase.
Use caution when showing. ENTER AT YOUR OWN RISK.
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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 |
|---|---|---|---|
| Jul 1, 2026 | Sold | ||
| Sold | |||
| Jun 12, 2026 | In contract | - | |
| In contract | |||
| Jun 9, 2026 | Listed by Sell Your Home Services | $146,000 | |
| Listed by Sell Your Home Services | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017