56 Thomas Avenue
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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 8, 2025 | Sold | ||
| Sold | |||
| Jul 2, 2025 | In contract | - | |
| In contract | |||
| Jun 4, 2025 | Listed by Proagent Realty Gold Coast LLC | $899,000 | |
| Listed by Proagent Realty Gold Coast LLC | |||
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Designed by interior designer, modern style 5-bedroom, 2-bath Colonial. The open-concept main floor features a spacious living and dining area that flows into a customized kitchen with a center granite countertops, Sliding doors lead to a private backyard—perfect for entertaining. First floor 1 bedroom and 1 full bath. Upstairs offers 4 large bedrooms and another full bath. The home has a 200-amp electric system with a 100-amp subpanel upstairs for future needs. A fully finished basement adds flexible space for a home office, gym, or playroom. Smart home upgrades include Google Nest, security cameras, a WiFi sprinkler system, alarm system and more. 3-minute walk to Meade Ave Park, 18 minutes on foot to the LIRR station, Conveniently close to shopping, dining, and major highways.
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| May 21, 2021 | Sold | ||
| Sold | |||
| Mar 8, 2021 | In contract | - | |
| In contract | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017