5 Franks Way
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 |
|---|---|---|---|
| Oct 15, 2025 | Sold | ||
| Sold | |||
| Sep 10, 2025 | In contract | - | |
| In contract | |||
| Sep 3, 2025 | Price Decreased |
$986,000
↓ $114K
(10.4%) | |
| Price Decreased | |||
| Aug 14, 2025 | Listed by Bold Real Estate Inc. | $1,100,000 | |
| Listed by Bold Real Estate Inc. | |||
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Experience modern European elegance surrounded by mature English gardens and 183 ft of serene Agawam River frontage. This 1.25-acre private oasis offers spectacular views and a 16-ft mooring, perfect for waterfront living. The river leads you straight to open ocean. Inside, the open floor plan is bathed in natural light, complemented by a wood-burning fireplace and 7 high-end mini splits for year-round comfort. Completely renovated in 2021 and 2023, the home features 4 bedrooms, 3.5 bathrooms, and seamless indoor-outdoor flow to an oversized deck. Every detail blends modern design with timeless charm in a setting that feels like a retreat. The sellers thought of every detail so the next stewards of this special property can simply move in and relax. The list of details is too long and will be proudly provided separately. Schedule your showing today!
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| Sep 30, 2020 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017