5 Independence Way #D
About This Property
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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%.
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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 |
|---|---|---|---|
| May 27, 2016 | Sold | ||
| Sold | |||
| Jun 2, 2015 | Listed by Armstrong Field Real Estate | $739,900 | |
| Listed by Armstrong Field Real Estate | |||
| | |||
|
Harborviews from this spacious 3 bedroom at desirable Glover Landing. Most desirable layout with 1200 sq. feet on first level of unit with a 600 sq. foot master suite on upper level. Open concept dining/living room with fireplace, custom built-ins, hardwood floors and slider to renovated 14 x 5'6" deck overlooking Jimmy's cove and the harbor. On the same level are 2 bedrooms with hardwood floors, one bedroom with fireplace and wall of windows offering water views, full tile bath and laundry. Upstairs is a wonderful private master suite with gorgeous harbor views, wonderful all new deck, spacious sitting/dressing area, and private bath with jacuzzi tub and steam. New roof,siding, and decks. heat/AC new in 2008. Attic area offers lots of storage. Storage unit, 1 car parking, association beach, dock, and wardroom for entertaining.
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Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
01/21/2025
|
2 Bed
|
2 Bath
|
1200 ft²
|
$795,000
2 Bed
2 Bath
1200 ft²
|
$775,000
-2.52%
02/27/2025
|
Niamh Callahan
J. Barrett & Company
| |
|
03/05/2020
|
3 Bed
|
2 Bath
|
1800 ft²
|
$929,900
3 Bed
2 Bath
1800 ft²
|
$910,000
-2.14%
09/17/2020
|
Catherine St. Pierre
Armstrong Field Real Estate
| |
|
06/02/2015
|
3 Bed
|
2 Bath
|
1800 ft²
|
$739,900
3 Bed
2 Bath
1800 ft²
|
$732,450
-1.01%
05/27/2016
|
Patricia Kane
William Raveis R.E. & Home Services
| |
|
05/02/2011
|
2 Bed
|
2 Bath
|
1200 ft²
|
$549,000
2 Bed
2 Bath
1200 ft²
|
$525,000
-4.37%
07/28/2011
|
Rita Havens
Coldwell Banker Realty - Marblehead
| |
|
03/25/2010
|
2 Bed
|
2 Bath
|
1200 ft²
|
$459,000
2 Bed
2 Bath
1200 ft²
|
$430,000
-6.32%
06/07/2010
|
Joanna Hochman
Gibson Sotheby's International Realty
| |
|
07/21/2008
|
1 Bed
|
1 Bath
|
600 ft²
|
$289,900
1 Bed
1 Bath
600 ft²
|
$225,000
-22.39%
11/10/2008
|
Patricia Kane
William Raveis R.E. & Home Services
| |
|
12/08/2004
|
1 Bed
|
1 Bath
|
600 ft²
|
$350,000
1 Bed
1 Bath
600 ft²
|
$350,000
01/19/2005
|
Patricia Kane
William Raveis R.E. & Home Services
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017