5 Scherer Street
About This Property
Designed with today's lifestyle in mind, the proposed open-concept floor plan will feature expansive living and entertaining areas, a gourmet eat-in kitchen, abundant natural light, and a first-floor bedroom with a full bath-ideal for guests, extended family, or a home office. The spacious Master suite is designed as a private retreat, complemented by generously sized secondary bedrooms and beautifully appointed baths.
Full basement offers endless possibilities for future recreation, fitness, media room, or additional living space. Situated on a generous 8,000 Sq Ft property and conveniently located near shopping, restaurants, parks, schools, major roadways, and public transportation.
Buy now and take advantage of the rare opportunity to customize finishes, cabinetry, countertops, flooring, tile selections, paint colors, and other design features. Renderings and floor plans are for illustrative purposes only. Specifications, dimensions, and features are subject to change. Taxes are to be determined upon completion.
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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.
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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 |
|---|---|---|---|
| Jun 5, 2026 | Listed by Welhome Realty Inc | $1,860,000 | |
| Listed by Welhome Realty Inc | |||
| Mar 26, 2026 | Sold | ||
| Sold | |||
| Feb 22, 2026 | In contract | - | |
| In contract | |||
| Jan 14, 2026 | Listed by Signature Premier Properties | $649,000 | |
| Listed by Signature Premier Properties | |||
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Great potential on this middle of the block cape on extra wide lot!! {80x100}. Room for and plumbing for 2nd bath on second floor. Hard wood floors, 5 yr old roof,200 amp electric, 10 yr old appliances, 10 yr old boiler. Taxes include 20x100 lot A must see!!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017