5515 SIMONTON STREET
About This Property
Inside, the open floor plan is filled with natural light and anchored by a dramatic floor-to-ceiling stone electric fireplace. The matching stone detail in the built-in dry bar with bar fridge and wall niche ties the space together beautifully. Barn doors and pocket doors add character and function, offering a way to separate guest bedrooms from the main living area.
The kitchen, fully renovated in 2023, features quartz countertops, gold hardware and faucets, under-cabinet lighting, and subtle shiplap touches that carry throughout the home. There's room for casual meals in the eat-in kitchen as well as a separate formal dining room for gatherings.
The primary suite is generously sized, bright, and offers an en-suite bath with gold-trim finishes. When it's time to relax or entertain, the pocketing sliders open fully to connect the indoors with the screened lanai and an extended paver patio-large enough for hosting and surrounded by tall privacy shrubs for a peaceful setting.
Recent upgrades include a new roof in 2021, HVAC in 2023, water heater in 2016, and a new garage door opener in 2022. The washer and dryer, purchased in 2022, are also included with the home.
Harborage offers more than just a home-it's a lifestyle. Residents enjoy a marina with boat docks, walking trails, fishing pier, canoe and kayak launch, heated pool and spa, clubhouse, fitness center, and gated entry. Conveniently located near shopping, dining, and major roadways, this home blends thoughtful updates with everyday comfort and is well worth seeing in person.
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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 |
|---|---|---|---|
| Dec 30, 2025 | Sold | ||
| Sold | |||
| Nov 25, 2025 | In contract | - | |
| In contract | |||
| Oct 25, 2025 | Price Decreased |
$560,000
↓ $5K
(0.9%) | |
| Price Decreased | |||
| Sep 16, 2025 | Price Decreased |
$565,000
↓ $10K
(1.7%) | |
| Price Decreased | |||
| Aug 15, 2025 | Listed by LPT REALTY, LLC | $575,000 | |
| Listed by LPT REALTY, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017