54 Thorpe Lane
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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 8, 2025 | Sold | ||
| Sold | |||
| Sep 13, 2025 | In contract | - | |
| In contract | |||
| Aug 14, 2025 | Listed by Icon Real Estate | $555,000 | |
| Listed by Icon Real Estate | |||
| Jun 16, 2020 | Sold | ||
| Sold | |||
| Jun 4, 2020 | Listed by Icon Realty Group, L.L.C. | $425,000 | |
| Listed by Icon Realty Group, L.L.C. | |||
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New Construction just STEPS from the Exxon Campus, HP, SWN, and the HOTTEST NEW RETAIL in Houston - CityPlace - in Springwoods Village! Spectacular location just 30 seconds from Grand Parkway 99 and I-45, with incredible upside as the 400,000 sqft of retail space is finished out at CityPlace! French Quarter style from Sullivan Brothers with a HUGE front porch and balcony to match! Gorgeous hardwoods down, gourmet island kitchen, 8' doors, exquisite trim work, 5-star master suite, and lavish finishes throughout! You won't find this charming home style ANYWHERE outside Houston's inner loop...and homesites are VERY limited here. Bike to work, or walk to top-shelf shopping and dining at CityPlace (think City Centre meets Market Street...with awesome freeway access)! A true life of luxury and convenience, with HUGE APPRECIATION to come in just a few years! Come see it TODAY!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017