482 Ormond Avenue
About This Property
This move-in ready home offers peace of mind with a brand new roof, a 2-year-old A/C, 3-year-old gas water heater, and all-copper sewer lines-no cast iron here! Built with solid concrete block and located outside the flood zone, it does not require flood insurance. Upgrades include 2025 plantation shutters, lockable exterior shutters, and aluminum hurricane shutters for added insurance credits.
Inside, enjoy a newly installed stainless steel refrigerator, washer, and dryer. The eat-in kitchen features quartz countertops, white cabinets, and a gas stove. Bathrooms have new vanities, and the entire home is freshly painted with all-tile flooring.
A versatile bonus room offers potential for a 5th bedroom or office. Outside, a screened patio overlooks a shaded backyard. Extra fridge included-perfect for patio entertaining.
Walk to schools, shops, and dining. Just a block from the river
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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 |
|---|---|---|---|
| Oct 10, 2025 | Sold | ||
| Sold | |||
| Sep 12, 2025 | In contract | - | |
| In contract | |||
| Sep 4, 2025 | Price Decreased |
$288,000
↓ $2K
(0.7%) | |
| Price Decreased | |||
| Aug 28, 2025 | Price Decreased |
$290,000
↓ $2K
(0.7%) | |
| Price Decreased | |||
| Aug 21, 2025 | Price Decreased |
$292,000
↓ $2K
(0.7%) | |
| Price Decreased | |||
Property Highlights
Building Info
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Price/ft²
Listed On
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About Lucas Terrace
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Last Updated: 12 months ago
Data Source: Space Coast MLS, MLS# 1050098
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Address: 335 Madison Avenue, New York, NY 10017