505 Wildwood Avenue
About This Property
2019
All plumbing and electrical systems were substantially updated by Aladdin Electric.
Extensive drywall repairs were completed throughout the property.
Main-level ceilings enhanced with crown molding and decorative trim.
Exterior wood trim repainted.
Mini-split heating and cooling systems installed on upper levels.
All baths are either newly added or completely renovated.
2020
Concrete patio added.
Wrought iron fencing installed.
Pergola added.
Rear deck constructed.
All exterior improvements are designed for accessibility.
Asbestos removed.
Additional insulation was installed in ceilings.
2021
New HVAC system installed for the main level.
2022
Basement walls professionally cleaned, sandblasted, and sealed.
2023
Parking lot asphalt resurfaced and repaired (approximately $15,000 investment).
Third-floor laundry area added.
Ceiling fans are installed on the third floor.
Additional Information
All wall decor will be removed by the seller before possession unless specifically requested in writing as part of the sale.
Seller will consider selling most interior furnishings and contents separately from the real estate. Piano is excluded from any sale of contents.
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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 22, 2026 | Price Decreased |
$525,000
↓ $25K
(4.6%) | |
| Price Decreased | |||
| Jun 2, 2026 | Listed by Sproat Realty Professionals-J | $550,000 | |
| Listed by Sproat Realty Professionals-J | |||
| Jan 24, 2019 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017