5 Cornell Drive
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 |
|---|---|---|---|
| Apr 1, 2024 | Sold | ||
| Sold | |||
| Jan 5, 2024 | Listed by Coldwell Banker Realty | $649,000 | |
| Listed by Coldwell Banker Realty | |||
| Aug 2, 2023 | No longer available | - | |
| No longer available | |||
| Jul 11, 2023 | Price Decreased |
$748,000
↓ $20K
(2.6%) | |
| Price Decreased | |||
| Jul 6, 2023 | Listed by Exit Strategy Realty | $768,000 | |
| Listed by Exit Strategy Realty | |||
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Superb split level house with great opened layout! Stunning backyard perfect for entertainment that opens to Sprague playground, where kids have more room to play. This house has 5 bedrooms with one on the main floor, 3 full bathrooms, and great recreation room (with fireplace) that takes you to a covered porch, where you can relax outside even when it's raining! 4 bedrooms on the second floor (one presently used as an office) with 2 bathrooms. Kitchen with granite counter top and stainless steel appliances with slider that opens to a large 15' x 22 ' balcony. Second fireplace in the living room, laundry room and a 2 1/2 car garage complete this house. Plenty of storage space with a workshop/storage/utility room. This house was freshly painted outside and in and a new electrical 200 amps panel was added. New additional deck and remodeled recreation room with recess light completed in the last 3 months. Also, new front door and garage door. Finally, new roof coming during the week of July 10th! Don't miss this great opportunity to own a house in the Award Winning Lincolnshire Elementary Schools and Nationally Ranked Stevenson High School districts. This house is in a prime location and just steps away from Lincolnshire Swim Club, it will not last! Located where you can also watch the 4th of July fireworks right from your balcony! Turn this house into your new home for years to come! Please 24-hour notice for visit! The manager has listed the unit size as 3002 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017