5420 Avenue L
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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.
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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 |
|---|---|---|---|
| Apr 30, 2024 | Sold | ||
| Sold | |||
| Feb 5, 2024 | In contract | - | |
| In contract | |||
| Jan 17, 2024 | Listed by Keller Williams Legendary | $564,000 | |
| Listed by Keller Williams Legendary | |||
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This delightful 2-bedroom, 2-full bathroom brick home is a jewel in the highly sought-after Flatlands neighborhood. The property is nestled on a quiet block and boasts a new hot water tank, 1-car driveway, 1-car garage large bedrooms and skylight in bathroom. The basement is a massive, livable space with all conveniences in place: 2 large open recreation areas, a kitchen area with sink, gas pipes & plumbing, a full bathroom and outside entrance to the front AND the back of property. The backyard is expansive, fenced and flaunts an awning, concrete area ideal for sitting or creating a barbeque area sheltered from the natural elements. With nearby Paerdegat Park, Canarsie Park, Canarsie Beach, Paerdegat Beach, jogging, running and biking trails at Canarsie Pier and Shirley Chisholm State Park, the Brooklyn-renowned, Kings Plaza Shopping Center, Flatbush Avenue, which is a main vein in Brooklyn, Gateway Center Mall, restaurants, schools, houses of worship, all amenities and B41 and B46 local MTA buses, BM1 express bus into Manhattan, Marine Parkway (to Queens and Riis Beach) Shore Parkway and Belt Parkway minutes away, the neighborhood is as desirable as the property itself.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017