475 Paradise Road
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 |
|---|---|---|---|
| Jul 21, 2025 | Sold | ||
| Sold | |||
| Jul 12, 2025 | In contract | - | |
| In contract | |||
| Jun 20, 2025 | Price Decreased |
$1,075,000
↓ $50K
(4.4%) | |
| Price Decreased | |||
| Jun 5, 2025 | Price Decreased |
$1,125,000
↓ $24K
(2.1%) | |
| Price Decreased | |||
| Jan 16, 2025 | Listed | $1,149,000 | |
| Listed | |||
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Welcome to this multi-generational living opportunity ! wonderful updated home offering over 3,300 sq. ft. of comfortable living space, perfect for multifamily or extended family living! Main living area has 4 bedrooms 2 full baths , large family room and dining room . Separate and attached is a guest quarters with 2 bedrooms and 1 bath, featuring its own private entrance perfect for guests or as an in-law suite. Large yard sun filled yard with tons of fruit trees and chicken coop. Ample parking and room for RV parking with hookups. In main living area discover a spacious master bedroom retreat that is both luxurious and functional with hardwood floors, a generously sized bathroom complete with a Jacuzzi-style bathtub and oversized shower, and a convenient walk-in closet. The master suite also boasts a separate entrance and a cozy nook ideal for a home office. Enjoy gatherings on the brand-new deck out back Additionally, the home features a huge 3-car garage with high ceilings, providing plenty of storage and parking options. Fresh new paint inside and out and a fully owned solar system, this home is not only beautiful but energy-efficient, making it an excellent choice for sustainable living. What more could you ask for?
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017