4627 TROPICAL LANE
About This Property
Do I have your attention? This home is for someone who wants life to feel simple and comfortable. Not flashy, not overdone, just a place that feels easy to live in from day one. It's the kind of home where you can work during the day, shut the laptop at five, and actually enjoy being at home.
The big stuff is already handled, which matters if this is your first home. The roof is about a year old, the ductwork and electric panel was replaced around four years ago, and the home was fully updated floor to ceiling in 2022, including the kitchen and the bathrooms. New flooring, fresh paint... You're not walking into projects or surprise expenses.
Inside, the layout just works. There's enough space to set up a dedicated work-from-home area without giving up your living space. The kitchen and bath feel fresh and current, and the home flows naturally for everyday life, whether you're on video calls, cooking dinner, or hosting a couple friends.
This is a great option if you're done with renting and want something move-in ready without the stress. It's manageable, comfortable, and updated in a way that fits how people actually live and work now.
The location makes day-to-day life easier. Holiday gives you quick access to shopping, dining, parks, and main roads, plus an easy drive to the beaches. You're close to everything but still in a neighborhood that feels settled and quiet.
This is the kind of first home that just makes sense. Solid updates, practical space, and a location that supports your lifestyle without stretching you thin.
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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 |
|---|---|---|---|
| Apr 24, 2026 | Sold | ||
| Sold | |||
| Mar 14, 2026 | In contract | - | |
| In contract | |||
| Jan 22, 2026 | Price Decreased |
$299,000
↓ $6K
(2%) | |
| Price Decreased | |||
| Dec 17, 2025 | Price Decreased |
$305,000
↓ $15K
(4.5%) | |
| Price Decreased | |||
| Sep 23, 2025 | Price Decreased |
$319,500
↓ $6K
(1.7%) | |
| Price Decreased | |||
Property Highlights
Building Info
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017