551 Dorset Street
About This Property
Unwind within the comfortable bedrooms, including a well-sized retreat downstairs with an adjoining bonus room that can double as an additional guest room. Generous closets and a convenient ensuite grace the larger primary suite upstairs. A spiral staircase leads up to a versatile loft and rooftop deck where you can enjoy coastal sounds and images of breaking whitecaps against vivid sunsets. Outside, the sun-kissed patio is ideal for weekend BBQs with its multiple seating areas, fire pit, and premium hot tub. Notables include a custom dry bar and an attached 2-car garage. Tour it today to see for yourself!
Payment Calculator
Your Estimated Monthly Payment
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 |
|---|---|---|---|
| Sep 15, 2025 | Sold | ||
| Sold | |||
| Aug 21, 2025 | In contract | - | |
| In contract | |||
| Apr 29, 2025 | In contract | - | |
| In contract | |||
| Nov 22, 2024 | In contract | - | |
| In contract | |||
| Oct 2, 2024 | Listed by Coldwell Banker Kellie & Assoc | $1,698,000 | |
| Listed by Coldwell Banker Kellie & Assoc | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017