5 North Drive
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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 |
|---|---|---|---|
| Nov 20, 2018 | Sold | ||
| Sold | |||
| Oct 5, 2018 | Sold | ||
| Sold | |||
| Aug 10, 2018 | No longer available | - | |
| No longer available | |||
| Jun 18, 2018 | Listed | $2,250,000 | |
| Listed | |||
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Village Of Kensington-Magnificent Mediterranean Style Home. This Home Was Once Featured In The Book Of Building And Interior Decorating. Grand Formal Dining Rm W/ Custom Built-Ins Can Host Many Elegant Dinners. Charming Living Rm Is Perfect For Gatherings Around The Fireplace. Cozy Den Is Great For Relaxing & Family Time. 3 Car Att Garage Has Maids Quarters Above. The manager has listed the unit size as 4144 square feet.
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| Jun 8, 2018 | Listed | $2,250,000 | |
| Listed | |||
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Mediterranean Splendor. Take a peek at this distinctive home on three levels with the grandeur and tradition reminiscent of days gone by. A circular driveway leads to this warm and inviting Mediterranean Style home, sitting on a double lot in the desirable Village of Kensington. Built in 1928 by the Steinway family, this is a perfect example of a time when entertaining was meant to be elegant. The exceptional floor plan includes a formal living room with fireplace, banquet dining room, a comfortable den and a wonderful double kosher kitchen with a separate breakfast area. This 5 bedroom, 4.5 bathroom home combines old-world charm and construction with modern conveniences. Through a rear stairway, you are lead to completely private guest quarters with a bedroom, bathroom, and separate eat-in kitchen. Kensington has its own police force and private pool while enjoying all the Great Neck Park District facilities including tennis, ice-skating, Olympic sized pool with lazy river, waterfront park, and boating marina. This impeccably maintained estate is just steps away from town, houses of worship and the Long Island Railroad. A true gem!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017