51 Stephen Avenue
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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 |
|---|---|---|---|
| Jan 5, 2026 | Sold | ||
| Sold | |||
| Sep 23, 2025 | In contract | - | |
| In contract | |||
| Sep 8, 2025 | Listed by JG Homes | $769,000 | |
| Listed by JG Homes | |||
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Welcome to this charming 3-bedroom, 1.5 bath Cape nestled in the heart of New Hyde Park. Step inside to a bright and spacious living room, perfect for relaxing or entertaining. The updated open eat-in kitchen features granite countertops, an abundance of cabinets, and gas cooking. The main level also offers two generously sized bedrooms and a full bath with double sinks, while the second floor hosts a large third bedroom with excellent storage.
The fully finished basement provides incredible versatility with a half bath, office space, laundry area, and plenty of room for play and recreation. Outside, enjoy a private backyard with lush grass, a large shed, and a detached one-car garage with a private driveway. Additional highlights include hardwood floors, 5 ductless A/C units, gas heat, an alarm system, and upgraded 200-amp electric.
This move-in ready home offers both comfort and convenience in a prime location so don’t miss the opportunity to make it yours!
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| Mar 18, 2019 | Sold | ||
| Sold | |||
| Oct 26, 2018 | Listed by New Group Realty Inc | $685,000 | |
| Listed by New Group Realty Inc | |||
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Data Source: OneKey MLS
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017