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505 Leonard Boulevard
About This Property
This home features a detached garage, 2-zone heating, and efficient gas heating. Recent updates include a new roof, and a new air conditioning system, providing added comfort and peace of mind. A wonderful opportunity to own a comfortable home with valuable updates and great potential in New Hyde Park. Near schools, parks, and LIRR.
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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 |
|---|---|---|---|
| Sep 3, 2026 | In contract | - | |
| In contract | |||
| Aug 10, 2026 | Listed by LAFFEY REAL ESTATE | $748,000 | |
| Listed by LAFFEY REAL ESTATE | |||
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Data Source: OneKey MLS
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017