5 Cranberry Lane
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 |
|---|---|---|---|
| Jun 23, 2025 | Sold | ||
| Sold | |||
| Apr 23, 2025 | In contract | - | |
| In contract | |||
| Mar 25, 2025 | Listed | $799,000 | |
| Listed | |||
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Welcome home to Cranberry Estates of Berkley! This stunning four-bedroom, 2.5-bath colonial offers both comfort and convenience, set on a private lot in a highly sought after sub-division. Built in 2010, this home features a spacious layout with modern finishes throughout. The inviting living areas are perfect for entertaining, while the massive backyard provides endless possibilities for outdoor fun and relaxation. Enjoy your morning coffee on the composite deck, surrounded by nature. With a two-car garage and a fantastic commuter location, you have the perfect balance of privacy and accessibility. The unfinished basement offers the possibility to create additional space. The foundation was built higher than standard so that a finished ceiling height would not be an issue. Don’t miss the chance to make this beautiful home your own!
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| Apr 1, 2024 | Sold | ||
| Sold | |||
| Mar 1, 2024 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017