55 Teller Avenue
About This Property
The house features a thoughtfully designed layout that enhances both function and charm. The first floor welcomes you with a dining room, spacious family room, gutted kitchen awaiting your creative touch, and convenient half bath. On the second floor, you'll discover two bedrooms and two full baths, providing ample space for comfort and privacy. The third floor offers three bonus rooms, perfect for creative endeavors, bedrooms, or additional storage. The basement presents three finished rooms, ideal for creating a lounge, private office, or dedicated workspace.
Recent updates ensure comfort and efficiency, including a brand-new roof, newly rewired electrical system, energy-saving spray foam insulation, and a new furnace. The central HVAC system provides climate control for the first and second floors, with additional split systems in the basement for optimal comfort.
Outside, a paved parking area with 16 spaces makes hosting gatherings a breeze, while the refurbished two-car garage, complete with a pull-down attic, adds extra storage and versatility. This setup is perfect for accommodating guests or exploring creative uses for the space.
Whether you're considering a residential transformation or exploring special permitted uses, this versatile space is ready to bring your vision to life.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Nov 21, 2025 | Sold | ||
| Sold | |||
| Aug 21, 2025 | In contract | - | |
| In contract | |||
| Jun 12, 2025 | Price Decreased |
$950,000
↓ $25K
(2.6%) | |
| Price Decreased | |||
| Jun 2, 2025 | Price Decreased |
$975,000
↓ $225K
(18.8%) | |
| Price Decreased | |||
| May 19, 2025 | Listed by Compass Greater NY, LLC | $1,200,000 | |
| Listed by Compass Greater NY, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017