5525 Dover Street
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 |
|---|---|---|---|
| Jul 22, 2025 | Listed | $1,850,000 | |
| Listed | |||
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Welcome to 5525 Dover St, a fully renovated estate offering the perfect combination of space, comfort, and functionality. Sitting on an expansive 37,904 square foot lot, this property features a total of 6,209 square feet, including 4,460 square feet of permitted living space, a 747 square foot three-car garage, and an additional 1,002 square feet of enclosed patio and entry porch.
Step inside to find modern upgrades throughout, including recessed lighting, updated electrical, fire sprinklers, and a water softener system. The home has been structurally rebuilt from the ground up with permitted foundation and roofing work, including upgraded footing and plywood. It also features two septic tanks and an electric front gate for added privacy and security.
The main living space includes a built-in bar, perfect for entertaining guests or enjoying quiet evenings at home. The primary suite serves as your personal retreat, complete with a spa-style bathroom that features a jacuzzi tub and a steam room, just like those found in high-end gyms.
Outside, enjoy a 400 square foot enclosed patio, RV parking, and even a stable area ideal for horses or livestock. With alley access in the back, the layout provides extra convenience and flexibility for storage, parking, or future additions.
Whether you're looking for luxury, space, or something truly unique, this property checks every box.
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| Jan 31, 2019 | Sold | ||
| Sold | |||
| Dec 18, 2018 | Listed by Century 21 Home Realtors | $724,900 | |
| Listed by Century 21 Home Realtors | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017