550 Spring St. #1
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 |
|---|---|---|---|
| Sep 18, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Aug 19, 2026 | Listed by Amaral & Associates RE | $395,000 | |
| Listed by Amaral & Associates RE | |||
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Welcome to this newer, low-maintenance townhouse-style condo with plenty of space and a layout that gives you a lot of options.Built just 3 years ago, this townhouse-style condo offers the peace of mind that comes with newer construction. You can enjoy worry-free living without having to immediately worry about many of the major, big-ticket maintenance items that can come with an older property. It has modern finishes, a great layout, and plenty of storage throughout.The first floor has a nice open feel with plenty of closet space in the hallway. There is also a first-floor bedroom that could be used for guests, an office, or whatever works best for you. A large additional area gives you plenty of flexibility and could be used as a living room, TV room, playroom, home office, or whatever you need. There is also a full bathroom on this level. Sliding doors lead out to the backyard and vinyl deck, giving you a great spot to relax, grill, or enjoy some fresh air.The second floor is where you'll find the large open-concept kitchen and living area. The kitchen has a tasteful backsplash, plenty of cabinet space, a large pantry, and a big island that gives you plenty of room for cooking, entertaining, or just hanging out. The kitchen opens right into the living area, making this floor a great space for having friends and family over. There is also a convenient half bathroom on this level.The third floor features two large bedrooms, both with plenty of closet space. The full bathroom has a tile floor and a large walk-in shower that is fully tiled. The washer and dryer are conveniently located just outside the bathroom, making laundry a little easier and keeping everything right where you need it.With three levels of living space, multiple bedrooms and flexible rooms, lots of storage, modern finishes, outdoor space, and the benefit of being only 3 years old, this townhouse-style condo offers a great combination of space, comfort, and easy living. If you're looking for a place where you can move in and enjoy it without having to take on a long list of major maintenance projects, this is definitely worth a look.
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| Mar 22, 2024 | Sold | ||
| Sold | |||
| Feb 10, 2024 | In contract | - | |
| In contract | |||
| Nov 29, 2023 | Listed by Paiva Real Estate Services, LLC | $379,900 | |
| Listed by Paiva Real Estate Services, LLC | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
11/20/2025
|
3 Bed
|
2 Bath
|
1920 ft²
|
$419,000
3 Bed
2 Bath
1920 ft²
|
-
-
|
Jane Kalife Paul
Conway - Mattapoisett
| |
|
03/29/2024
|
3 Bed
|
3 Bath
|
1920 ft²
|
$389,900
3 Bed
3 Bath
1920 ft²
|
$389,900
06/17/2024
|
Gerald Francois
Realty World Related Realty Group
| |
|
03/23/2024
|
3 Bed
|
3 Bath
|
1920 ft²
|
$384,900
3 Bed
3 Bath
1920 ft²
|
$391,900
+1.82%
05/10/2024
|
Erica Arruda
Keller Williams Coastal
| |
|
03/08/2024
|
3 Bed
|
3 Bath
|
1920 ft²
|
$384,900
3 Bed
3 Bath
1920 ft²
|
$385,000
+0.03%
04/25/2024
|
Tayla Andre
Thumbprint Realty, LLC
| |
|
02/10/2024
|
3 Bed
|
3 Bath
|
1920 ft²
|
$379,900
3 Bed
3 Bath
1920 ft²
|
$380,000
+0.03%
04/03/2024
|
Fred Grizotte
Paiva Real Estate Services, LLC
| |
|
11/29/2023
|
3 Bed
|
3 Bath
|
1920 ft²
|
$379,900
3 Bed
3 Bath
1920 ft²
|
$385,000
+1.34%
03/22/2024
|
Fred Grizotte
Paiva Real Estate Services, LLC
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017