5550 Strand #101
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 |
|---|---|---|---|
| Feb 27, 2026 | Sold | ||
| Sold | |||
| Jan 17, 2026 | In contract | - | |
| In contract | |||
| Dec 12, 2025 | Listed by Tower-60 | $1,395,000 | |
| Listed by Tower-60 | |||
| Oct 6, 2021 | No longer available | - | |
| No longer available | |||
| Aug 28, 2020 | In contract | - | |
| In contract | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
07/01/2026
|
2 Bed
|
3 Bath
|
1630 ft²
|
$1,119,000
2 Bed
3 Bath
1630 ft²
|
-
-
|
Matthew Barry
eXp Realty of California Inc
| |
|
12/12/2025
|
4 Bed
|
1 Bath
|
2040 ft²
|
$1,395,000
4 Bed
1 Bath
2040 ft²
|
$1,370,000
-1.79%
02/27/2026
|
Andalusia Mesa
Tower-60
| |
|
03/05/2021
|
3 Bed
|
3 Bath
|
1672 ft²
|
$995,000
3 Bed
3 Bath
1672 ft²
|
-
-
|
-
| |
|
09/25/2020
|
2 Bed
|
3 Bath
|
1630 ft²
|
$890,000
2 Bed
3 Bath
1630 ft²
|
-
-
|
-
| |
|
08/20/2020
|
4 Bed
|
4 Bath
|
2106 ft²
|
$1,085,000
4 Bed
4 Bath
2106 ft²
|
-
-
|
-
| |
|
11/22/2019
|
3 Bed
|
2 Bath
|
1629 ft²
|
$940,000
3 Bed
2 Bath
1629 ft²
|
$960,000
+2.13%
03/20/2020
|
Holly Danna
Douglas Elliman of California, Inc.
| |
|
08/28/2019
|
4 Bed
|
4 Bath
|
1930 ft²
|
$995,000
4 Bed
4 Bath
1930 ft²
|
$995,000
11/01/2019
|
Rob Depaoli
Compass
| |
|
05/02/2019
|
3 Bed
|
3 Bath
|
1668 ft²
|
$910,000
3 Bed
3 Bath
1668 ft²
|
-
-
|
-
| |
|
05/19/2017
|
4 Bed
|
1 Bath
|
2050 ft²
|
$989,000
4 Bed
1 Bath
2050 ft²
|
$989,000
07/06/2017
|
Gabrielle Herendeen
Re/Max Estate Properties
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017