5 Louis Place
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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 13, 2025 | Sold | ||
| Sold | |||
| Jun 16, 2025 | In contract | - | |
| In contract | |||
| May 16, 2025 | Listed by RE/MAX Classic Realty | $570,000 | |
| Listed by RE/MAX Classic Realty | |||
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Set on a private cul-de-sac, this beautiful Ranch home offers comfort and functionality in a serene setting. The inviting living room features a fireplace and large new Andersen windows that fill the space with natural light. An open-concept granite center island kitchen (stainless appliances) flows seamlessly into the dining room, and opens to a patio with a covered seating area—perfect for outdoor dining or relaxing. Beautiful hardwood floors, crown moldings. The primary bedroom includes his and hers closets, in addition to a full bath with a walk-in shower. Two more spacious bedrooms and a hall bath complete the main floor. The full basement provides laundry and ample storage, in addition to a spotless two-car garage with space for a workshop area. Above ground oil tank. Taxes shown do not reflect the basic START deduction, for those who qualify.
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| Sep 3, 2021 | Sold | ||
| Sold | |||
| Jun 29, 2021 | In contract | - | |
| In contract | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017