51 Teele Road
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 |
|---|---|---|---|
| Mar 6, 2026 | In contract | - | |
| In contract | |||
| Mar 6, 2026 | Sold | ||
| Sold | |||
| Dec 24, 2025 | Temporarily off market | - | |
| Temporarily off market | |||
| Nov 20, 2025 | In contract | - | |
| In contract | |||
| Nov 6, 2025 | Listed by Keller Williams Realty Boston Northwest | $499,900 | |
| Listed by Keller Williams Realty Boston Northwest | |||
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Discover the potential of this classic 3-bedroom, 2.5-bath Colonial, beautifully set on a picturesque lot with serene water views and abundant wildlife. The main level features an eat-in kitchen, dining room, living room with a cozy fireplace, convenient half bath, and an expansive family room perfect for large gatherings. The finished walk-out lower level offers a slider to the backyard and generous windows that fill the space with natural light. Bring your vision and creativity—this home would shine with cosmetic updates and a new septic system. Enjoy peaceful mornings overlooking the water or launch a kayak or canoe to explore nature right from your backyard. An excellent opportunity for contractors, builders, or investors seeking a rewarding project. Cash sale only.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017