5502 Cheshire Lane
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 |
|---|---|---|---|
| Dec 3, 2025 | Sold | ||
| Sold | |||
| Nov 4, 2025 | In contract | - | |
| In contract | |||
| Sep 16, 2025 | Price Decreased |
$375,000
↓ $24K
(6%) | |
| Price Decreased | |||
| May 31, 2025 | Price Decreased |
$399,000
↓ $11K
(2.7%) | |
| Price Decreased | |||
| Apr 23, 2025 | Listed by Styled Real Estate | $410,000 | |
| Listed by Styled Real Estate | |||
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Welcome to this Home that you'll truly a place you’ll be proud of! Stylish tile flooring flows seamlessly throughout, leading into a spacious living area with an open-concept design that fills the home with natural light from the backyard pool oasis. The kitchen is a dream for any home chef, featuring top-of-the-line appliances, including a stunning 48-inch dual fuel range and custom panel-ready refrigerator and dishwasher. A dedicated front office provides the perfect space for working from home with ease and comfort. Both bathrooms have been thoughtfully updated with sleek, modern finishes. The home has been fully repiped with PEX and the electrical system has been updated as part of the renovation. Step outside and enjoy your own backyard retreat—ideal for sunny summer days. Take a dip in the pool, relax under the shaded deck, or fire up the grill for a perfect evening. As is sale. NO SUB2!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017