5 Michael 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 |
|---|---|---|---|
| Dec 11, 2025 | Sold | ||
| Sold | |||
| Oct 8, 2025 | In contract | - | |
| In contract | |||
| Oct 1, 2025 | Listed by Howard Hanna Rand Realty | $650,000 | |
| Listed by Howard Hanna Rand Realty | |||
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Welcome Home to Blauvelt, NY!
This 4-bedroom, 3-bathroom home combines comfort, convenience, and space in a prime commuter location—just 30 minutes to NYC and less than 5 minutes from the Palisades Parkway. Recently renovated, it features a modern open concept kitchen with quality finishes & stainless appliances, beautiful hardwood floors throughout, and a functional layout designed for everyday living. The dining room opens to a spacious 3-season sunroom overlooking the backyard, perfect for family gatherings and entertaining. Outside, enjoy an above-ground pool and a fully fenced rear yard, offering both privacy and fun outdoor living. Additional highlights include: Attached 2-car garage with plenty of parking, nearly half an acre of property in a sought-after neighborhood all within Award winning South Orangetown School district. This move-in ready Blauvelt home is the ideal blend of suburban charm and commuter convenience. Schedule your private tour today!
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| Jul 26, 2019 | Sold | ||
| Sold | |||
| Apr 18, 2019 | Listed by Q Home Sales | $469,000 | |
| Listed by Q Home Sales | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017