54 Newport 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 |
|---|---|---|---|
| Jul 21, 2025 | Sold | ||
| Sold | |||
| May 13, 2025 | In contract | - | |
| In contract | |||
| Apr 29, 2025 | Price Decreased |
$494,000
↓ $5K
(1%) | |
| Price Decreased | |||
| Apr 3, 2025 | Price Decreased |
$499,000
↓ $26K
(5%) | |
| Price Decreased | |||
| Mar 21, 2025 | Listed by Houlihan Lawrence Inc. | $525,000 | |
| Listed by Houlihan Lawrence Inc. | |||
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LOOK no further here is the house of your dreams complete with lake views! The entire house has been renovated back to the studs, it now has a brand new kitchen, new bathrooms both with radiant flooring, 5 new ductless splits for heat & AC, skylights and so much more. Everything is top of the line with no detail overlooked, stainless-steel appliances, Quartz countertop, custom cabinetry, tiled back splash, hardwood floors and so much more. The bright interior is flooded with natural light from all the brand new windows and doors. The primary bedroom has a vaulted ceiling and a sliding glass door leading out to its own private balcony with views of Putnam Lake. There is plenty of space to spread out throughout the home as the open concept living makes everything possible. The outdoor space has a large private concrete patio which is anchored by an outdoor fireplace. Many evenings will be enjoyed by the crackling fire! There is amble parking on the paved driveway which is surrounded by lawn and garden beds. Wonderfully located with easy access to Routes 84/684/22, Southeast train station, schools along with lots of shopping and restaurants.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017