5 Watson St
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%.
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 |
|---|---|---|---|
| May 1, 2025 | Sold | ||
| Sold | |||
| Apr 9, 2025 | In contract | - | |
| In contract | |||
| Apr 3, 2025 | Listed | $399,000 | |
| Listed | |||
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**OFFER DEADLINE SUNDAY 4/6 5PM** Newly renovated & move-in ready, this beautiful 3-bed, 1.5-bath split-entry home is nestled in the heart of Spencer! The updated interior boasts an open living room and an eat-in kitchen featuring pristine white cabinets, granite countertops, a stylish tile backsplash, & stainless steel appliances. All three bedrooms are conveniently located on the first floor, along with a beautifully updated full bath. The finished lower level offers additional living space with a large family room and a half bath. Recent upgrades include a new roof, new LVP flooring throughout the top floor, new carpet, fresh paint inside and out, new light fixtures, a new water heater, new solid interior doors, new trim. The home also features a chimney for a pellet stove and central air. Outside, enjoy a large, level yard, an attached garage, and ample off-street parking. A standout feature is the heated, oversized detached garage—perfect for a workshop or extra storage.
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| Jan 3, 2025 | Sold | ||
| Sold | |||
| Nov 6, 2024 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017