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5 Paddock Lane
About This Property
This expansive 5-bedroom, 3-full-bath, 2-powder-room home offers exceptional potential and a spacious layout for comfortable living. Located on a generous 100x125 lot, this home is just moments away from Hewitt Elementary. The main floor features a large, bright living room with a wood-burning fireplace-perfect for cozy evenings-and a formal dining room ideal for entertaining. The updated kitchen includes a breakfast area, providing a great space for meals, while the den and convenient 1st-floor laundry add to the home's practicality. Additionally, this unique property boasts a former doctor's office with multiple office spaces and bonus rooms-ideal for those seeking a home-based business, flexible living areas, or extra space for guests. Relax or entertain in the inviting 3-season room, or make the most of the large basement and recreation area. With a 2 car garage and ample closet and storage space throughout, this home offers both comfort and functionality. Don't miss the chance to make this property your own-create your dream home with endless possibilities!
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Cap Rate Calculator
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 |
|---|---|---|---|
| Sep 5, 2025 | Sold | ||
| Sold | |||
| May 25, 2025 | In contract | - | |
| In contract | |||
| Mar 31, 2025 | Listed by Daniel Gale Sothebys Intl Rlty | $1,398,000 | |
| Listed by Daniel Gale Sothebys Intl Rlty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017