5 Michelle Lane
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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.
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 |
|---|---|---|---|
| Sep 8, 2025 | Sold | ||
| Sold | |||
| Jul 18, 2025 | In contract | - | |
| In contract | |||
| May 19, 2025 | Listed by Douglas Elliman Real Estate | $660,000 | |
| Listed by Douglas Elliman Real Estate | |||
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Move right in to this meticulously maintained Colonial featuring an updated kitchen. Formal dining room and living room with fireplace offer great entertaining space. Enjoy hardwood floors, newer bathrooms, and updated flooring in the primary bedroom. Upstairs includes central air, with additional A/C units included. The full bathroom upstairs features radiant heat.
Additional upgrades include 200-amp electric service and a finished basement with new vinyl flooring and a large storage area. Exterior highlights: slate front porch, stone and vinyl siding, paver walkway, in-ground sprinklers, and a 4-car driveway. Backyard is a true retreat with a heated saltwater in-ground pool, Loop Loc cover, and beautiful paver surround. Home is connected to sewers and features underground utilities.
The Selden Community provides a variety of amenities to its residents. Shopping centers such as Independence Plaza and Selden Plaza offer a range of retail options . The community also features parks like Terryville Road Park and Selden Park, which provide spaces for outdoor activities and relaxation.
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| Dec 2, 2022 | Sold | ||
| Sold | |||
| Oct 14, 2022 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017