5301 SOVEREIGN PLACE
About This Property
Each oversized bedroom offers ample space and comfort, ensuring everyone in the family has their own private retreat. The primary suite is a true sanctuary, featuring a cozy sitting area and a fully updated en-suite bath, creating a spa-like experience at home. Convenience is at your fingertips with the upper-level laundry room.
The heart of the home is the large open chef's kitchen, complete with a generous island that's perfect for big gatherings and culinary adventures. This space seamlessly flows into the living areas, making it ideal for entertaining family and friends.
Step outside to enjoy the large covered back porch and deck, another perfect gathering place for outdoor dining or simply relaxing while overlooking the beautiful flat backyard.
The home's exterior is equally impressive with its classic brick facade, offering timeless curb appeal. A 2-car garage provides plenty of storage space for vehicles and more.
The fully finished walk-out basement includes a full bath, making it an ideal space for entertaining guests or creating a cozy family room.
This meticulously renovated home combines classic charm with modern amenities, providing the perfect backdrop for your next chapter. Don't miss out on this incredible opportunity to own a piece of luxury living.
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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 30, 2025 | Sold | ||
| Sold | |||
| Oct 7, 2025 | In contract | - | |
| In contract | |||
| Oct 2, 2025 | Price Decreased |
$716,929
↓ $8K
(1.1%) | |
| Price Decreased | |||
| Sep 8, 2025 | In contract | - | |
| In contract | |||
| Sep 5, 2025 | Listed by Compass | $725,000 | |
| Listed by Compass | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017