5 Michelle Avenue
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%.
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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.
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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 29, 2021 | Sold | ||
| Sold | |||
| Oct 1, 2021 | Listed by Keller Williams Realty-Metropolitan | $599,000 | |
| Listed by Keller Williams Realty-Metropolitan | |||
| Sep 26, 2021 | No longer available | - | |
| No longer available | |||
| Sep 4, 2021 | Listed by LAER Realty Partners/Chelmsford | $650,000 | |
| Listed by LAER Realty Partners/Chelmsford | |||
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Welcome home to this completely remodeled spacious split. Inside find three bedrooms w/ hardwood floors, recessed lighting & french door closets. The master has an electric fireplace & double french door closets. The kitchen boasts stainless steel appliances and granite counters, built-in cabinets, and the sliding door to the 10 x 20 deck overlooking the beautiful fenced in yard. The living room has a pellet stove, cherry hardwood floors, large bay window, built-in cabinets, recessed lighting, crown molding/Wainscoting, and a ceiling design that separates the entryway. On the lower level find the family room w/ a pellet stove that sits on black granite, cherry hardwood flooring, double sliders to the back yard and recessed lighting. This home also boasts two full bathrooms w/ tile floors & recessed lighting. The lower level full bathroom has granite counters, dual shower rainfall system, tile design w/ glass doors. The main floor full bathroom has Corian counters and a hidden laundry chute. The lower level entrance way has a mudroom w/ bench seating, a laundry area w/ built in cabinets, hidden laundry chute from upper bathroom, as well as access to 1.5 stall attached garage. The two story detached Barn/Shop was built in 2015 w/ 3,432 sq. ft. There is a private gated entrance with In-law Potential. Shop has central air and propane heat and tankless HW. There is a two stall detached garage, front yard irrigation, a generac 22kw generator, 200 amp electric, & new roof. The manager has listed the unit size as 2246 square feet.
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| Apr 27, 2012 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017