5150 ALPHA Avenue
About This Property
Inside, the home features wide-plank luxury vinyl flooring throughout, fresh interior and exterior paint, and contemporary lighting that creates a bright, cohesive feel. Solid core interior doors and clean trim details elevate the overall quality and craftsmanship.
The kitchen offers petite shaker cabinetry, quartz countertops, stainless steel appliances. Clean, functional, and timeless in design. Bathroom has been fully updated with new plumbing fixtures, a brand-new bathtub, and classic white subway tile shower surround.
Major improvements include a brand-new roof, HVAC system, water heater, windows, and a complete whole-home re-plumb, providing long-term reliability and buyer confidence
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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 |
|---|---|---|---|
| Apr 22, 2026 | Sold | ||
| Sold | |||
| Mar 10, 2026 | In contract | - | |
| In contract | |||
| Feb 20, 2026 | Relisted | $200,000 | |
| Relisted | |||
| Feb 17, 2026 | In contract | - | |
| In contract | |||
| Jan 30, 2026 | Listed by KELLER WILLIAMS REALTY ATLANTIC PARTNERS | $200,000 | |
| Listed by KELLER WILLIAMS REALTY ATLANTIC PARTNERS | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017