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5220 Lake Charles Drive
About This Property
Inside, an open and inviting floor plan creates an easy connection between the living, dining, and kitchen areas. Abundant natural light, updated finishes, and carefully considered details give the home a bright, comfortable feel while maintaining the character that makes mid century homes so appealing. The spacious kitchen serves as the heart of the home, with plenty of room for everyday family life as well as entertaining friends and guests.
With the four bedrooms and two-and-a-half baths, there is flexibility for family, guests, a home office, or whatever fits your lifestyle. Outside, the large backyard offers even more room to enjoy the property whether it is weekend cookouts, entertaining or simply relaxing beneath the shade of the mature trees.
To add to the homes appeal, THE SELLER is OFFERING a $9,500 BUYER CREDIT TOWARD INTEREST RATE BUYDOWN! Take advantage of an opportunity to reduce your financing costs while making this beautifully remodeled Lake Air Estates home your own.
Schedule your private showing today.
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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 |
|---|---|---|---|
| Oct 26, 2026 | In contract | - | |
| In contract | |||
| Sep 18, 2026 | Listed by AG Real Estate & Associates | $479,000 | |
| Listed by AG Real Estate & Associates | |||
| Feb 25, 2026 | Sold | ||
| Sold | |||
| Feb 9, 2026 | In contract | - | |
| In contract | |||
| Jan 29, 2026 | Listed by Magnolia Realty | $254,900 | |
| Listed by Magnolia Realty | |||
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Step into a world of potential with this delightful 1960s era home in popular Lake Air Estates. The open concept living spaces make this home perfect for gatherings with family and friends! You'll love the light and bright living area with a bay window and wood flooring. The kitchen is spacious, with a built-in china cabinet, secondary prep sink, newer appliances, and counter seating. A corner fireplace anchors the adjacent dining space, which opens to the back porch with a pergola. An isolated bedroom, complete with a half bath, makes a great study or second living area. In the primary suite, enjoy multiple closets, a spacious bath, and a thoughtfully positioned laundry nook. Plenty of storage throughout, including an attached two car garage, a small workshop, and a shed in the back yard. Don’t miss the chance to make this mid-century gem your own—schedule your private showing today!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017