5510 Ptolemy Way
About This Property
The property also boasts a detached 4-car garage and a separate structure, ideal for conversion into an ADU for additional living space or rental income. With paved RV access and a spacious half-acre lot, there's room for stables, additional units, or any vision you have in mind. Conveniently located just minutes from the freeway, this home is the perfect blend of comfort, convenience, and opportunity. Don't miss out on this exceptional property!
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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 |
|---|---|---|---|
| Feb 28, 2025 | Sold | ||
| Sold | |||
| Jan 28, 2025 | In contract | - | |
| In contract | |||
| Jan 28, 2025 | Price Decreased |
$1,075,888
↓ $24K
(2.2%) | |
| Price Decreased | |||
| Dec 20, 2024 | Price Increased |
$1,099,888
↑ $100K
(10%) | |
| Price Increased | |||
| Dec 3, 2024 | Listed by ehomes | $999,888 | |
| Listed by ehomes | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017