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5502 Fragrant Cloud Court
About This Property
A grand curved staircase and soaring ceilings create a striking first impression. The open-concept design flows seamlessly into the formal living room, featuring a wet bar-perfect for entertaining. The spacious primary suite offers a cozy seating area and fireplace, while the formal dining room sets the stage for elegant gatherings
At the heart of the home, the gourmet kitchen boasts a large island, cooktop, and ample cabinetry. A bright breakfast area overlooks the serene backyard. The main living area is warm and inviting, filled with natural light from oversized windows.
The backyard has a sparkling pool, lush landscaping, and a newly replaced fence. A mosquito misting system ensures a comfortable outdoor experience. The house is equipped with a Guardian 24k standby generator.
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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 |
|---|---|---|---|
| Jul 29, 2025 | Sold | ||
| Sold | |||
| May 15, 2025 | Listed by Kiani Realty | $980,000 | |
| Listed by Kiani Realty | |||
| Mar 13, 2025 | Price Decreased |
$1,090,000
↓ $100K
(8.4%) | |
| Price Decreased | |||
| Feb 28, 2025 | Listed | $1,190,000 | |
| Listed | |||
| | |||
|
Welcome to a stunning home in the prestigious, gated Twin Lakes community with 24/7 security. This residence provides access to premium amenities, including a pool, tennis courts, and a clubhouse.
A grand curved staircase and soaring ceilings create a striking first impression. The open-concept design flows seamlessly into the formal living room, featuring a wet bar—perfect for entertaining. The spacious primary suite offers a cozy seating area and fireplace, while the formal dining room sets the stage for elegant gatherings
At the heart of the home, the gourmet kitchen boasts a large island, cooktop, and ample cabinetry. A bright breakfast area overlooks the serene backyard. The main living area is warm and inviting, filled with natural light from oversized windows.
The backyard has a sparkling pool, lush landscaping, and a newly replaced fence. A mosquito misting system ensures a comfortable outdoor experience. The house is equipped with a Guardian 24k standby generator.
| |||
| Jan 28, 2019 | Sold | ||
| Sold | |||
Property Highlights
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About Twin Lakes
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017