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508 5TH AVENUE NE
About This Property
Big-ticket items were all addressed in a comprehensive 2016 renovation: updated electrical and plumbing, AC, added insulation in the walls and attic, vinyl siding, and impact-rated windows (Energy Star, dual-pane, Low-E, rated for the High Velocity Hurricane Zone). The result is an efficient, thoughtfully upgraded home from top to bottom.
Out back, a vinyl privacy fence surrounds the yard with an eight-foot side gate - bring the boat, the RV, and the dogs. The patio is made for weekend cookouts or a quiet evening glass of wine. The lot backs up to the alley, so rear access is an easy option if you ever want it, and there's a storage shed plus enough room to add a garage down the road. Schedule your private showing today.
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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 25, 2026 | Sold | ||
| Sold | |||
| Sep 9, 2026 | In contract | - | |
| In contract | |||
| Sep 3, 2026 | Price Decreased |
$315,000
↓ $10K
(3.1%) | |
| Price Decreased | |||
| Aug 19, 2026 | Price Decreased |
$324,990
↓ $10K
(3%) | |
| Price Decreased | |||
| Aug 5, 2026 | Price Decreased |
$335,000
↓ $15K
(4.3%) | |
| Price Decreased | |||
Property Highlights
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017