506 Chip Street
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 |
|---|---|---|---|
| Dec 7, 2025 | No longer available | - | |
| No longer available | |||
| Sep 20, 2025 | Price Decreased |
$189,900
↓ $5K
(2.6%) | |
| Price Decreased | |||
| Aug 12, 2025 | Price Decreased |
$194,950
↓ $5K
(2.5%) | |
| Price Decreased | |||
| Jun 18, 2025 | Listed by UP Realty | $199,950 | |
| Listed by UP Realty | |||
| | |||
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Welcome to 506 Chip, a beautifully renovated home with standout curb appeal, located in the well-established community of La Marque. Originally built in 1965, the home features a mix of classic charm and modern finishes. Outside, enjoy a lush front yard, covered entry, and a spacious backyard ideal for relaxing or entertaining. The attached garage provides convenient storage and parking.
This move-in-ready home is a must-see—schedule your showing today!
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| May 22, 2024 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017