56 Park Road
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 |
|---|---|---|---|
| Sep 12, 2025 | Sold | ||
| Sold | |||
| Jul 31, 2025 | In contract | - | |
| In contract | |||
| Jul 21, 2025 | Listed by Berkshire Hathaway NE Prop. | $429,900 | |
| Listed by Berkshire Hathaway NE Prop. | |||
| Jul 12, 2025 | Price Decreased |
$439,900
↓ $9K
(2%) | |
| Price Decreased | |||
| Jun 18, 2025 | Listed | $449,000 | |
| Listed | |||
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Welcome to this charming ranch-style home that's been lovingly maintained and thoughtfully updated over the years. Step inside through the front door into a cozy, fireplaced dining room that flows into the remodeled kitchen, complete with Corian counters, double ovens, a garden window, and a double pantry-perfect for any home cook. Just beyond, you'll find a spacious family room with a second fireplace and sliders leading to a screened porch and the backyard oasis. Dive into summer fun with the in-ground pool, complete with a diving board and slide! The main level features three bedrooms, including a primary suite with its own private full bath. The lower level offers incredible potential, with full-size windows, insulation, and framing already in place-ready for your finishing touches. An under-house garage adds convenience, and the layout offers both warmth and functionality throughout. Come see what makes this house feel like home!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017