5 Adare Place
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 |
|---|---|---|---|
| Aug 15, 2025 | Sold | ||
| Sold | |||
| Jul 24, 2025 | In contract | - | |
| In contract | |||
| Jul 17, 2025 | Listed | $850,000 | |
| Listed | |||
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GORGEOUS CONTEMPORARY RANCH (2022)! Quality-Built, Sunny 4 bedroom, 2.5 bath GEM perfectly cited on nearly an acre embodies luxury + convenience in 1-story living! Open Floor plan features stunning kitchen w/amazing walk-in pantry, beautiful granite/quartz kitchen island + counters. Dining area has charming shiplap accent wall + multiple windows w/views of expansive backyard. Spacious living room has centerpiece gas fireplace w/new custom bookcases. Enjoy lovely covered front + back porches, new pergola, garden shed + landscaping w/a variety of fruit trees! Smart lay-out w/Primary Suite on one side + 3 bedrooms w/common bath on the other. High-end bathrooms, delightful laundry room! 2 story, 2 car garage w/walk-up BONUS space could be finished for workshop/studio. Recessed lighting, attractive oak flooring, wonderful windows, CENTRAL AC, energy-efficient heat pump w/ERV, security system, full-height basement offers more expansion + storage. Every detail is IMPRESSIVE + WELL-DESIGNED!
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| Sep 29, 2022 | Sold | ||
| Sold | |||
| Jun 11, 2022 | Listed by Canon Real Estate, Inc. | $775,000 | |
| Listed by Canon Real Estate, Inc. | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017