5 Michael 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 |
|---|---|---|---|
| Oct 7, 2019 | Sold | ||
| Sold | |||
| Jul 21, 2019 | Listed by WEICHERT CO REALTORS | $479,900 | |
| Listed by WEICHERT CO REALTORS | |||
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Completely renovated 5 bedroom/3 bath with over 2300 sqft, attached garage on a cul-de-sac in the Inwood section of Monroe Township. Eat-in-kitchen with granite counter tops, SS appliances, and mosaic backsplash. First floor also has a bedroom, bathroom, living room, family room, and separate dining room with hardwood flooring throughout. Second floor has 4 bedrooms and 2 fully renovated bathrooms. Backyard landscaped with a patio and in-ground pool. Located in the Monroe Township Blue Ribbon School District. Professional pictures available soon. This is a must see!
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| Feb 27, 2019 | Sold | ||
| Sold | |||
| Mar 20, 2018 | Listed by Weichert Realtors-Old Bridge | $349,900 | |
| Listed by Weichert Realtors-Old Bridge | |||
| Jul 13, 2017 | Listed | $399,900 | |
| Listed | |||
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Home features 4 bedrooms, formal living dining rooms, eat in kitchen, family room , large bedrooms, great in ground pool , cul-de-sac location
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017