5410 Spellman Road
About This Property
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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%.
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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 |
|---|---|---|---|
| Jun 25, 2025 | Sold | ||
| Sold | |||
| May 25, 2025 | In contract | - | |
| In contract | |||
| May 14, 2025 | Listed by Realty Of America, LLC | $775,000 | |
| Listed by Realty Of America, LLC | |||
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Fully remodeled in 2022, this 2-story home offers 5 bedrooms and 3 full baths with quality updates throughout. The fifth bedroom was added by converting attic space, which also includes an air-conditioned, roughed-in storage closet and a lift from the garage for easy gear transport. A laundry chute from the second floor adds convenience. The home is wired for a generator that can power A/C units, refrigerators, and freezers, and the garage includes a 220-volt outlet for a welder or EV. In 2024, the driveway was extended with stamped concrete and a new electric gate installed. Enjoy a fully fenced backyard with a covered patio—perfect for relaxing or entertaining. Located within walking distance of Willow Waterhole and Parker Elementary, in a quiet, low-traffic neighborhood with lots of kids. Everything inside and out has been replaced or added since 2022. Don’t miss the opportunity to own this beautifully updated, move-in-ready home in a prime location!
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| Mar 18, 2022 | Sold | ||
| Sold | |||
| Dec 29, 2021 | Listed by Keller Williams Metropolitan | $710,000 | |
| Listed by Keller Williams Metropolitan | |||
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Beautiful full renovation taken down to the studs, front to back, top to bottom in the Westbury subdivision, located just around the corner from Parker Elementary. A modernized floorplan with professionally selected fixtures and finishes, along with added square footage make an incredibly comfortable home. Home features, upgraded electrical, pex plumbing, new sewer lines, new roof, new windows. Raising ceilings in the living and dining room with oversized windows provide an open and bright living area. Open floorplan, carpenter-built vent hood, walk-in pantry, mudroom, and island kitchen. First-floor guest suite. The primary suite features a huge walk-in closet and a luxurious primary bathroom. Upstairs, two bedrooms, a bathroom, and a gameroom have all been added. Never Flooded!!!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017