5603 Palomar Lane
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 |
|---|---|---|---|
| May 24, 2024 | Sold | ||
| Sold | |||
| May 6, 2024 | In contract | - | |
| In contract | |||
| Mar 8, 2024 | Listed by Allie Beth Allman & Assoc. | $3,250,000 | |
| Listed by Allie Beth Allman & Assoc. | |||
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This stunning property offers both beautiful indoor and outdoor spaces, perfect for entertaining. The spacious living area features tall ceilings and skylights, bathing the room in natural light. Large windows provide views of the private, tranquil outdoor area, designed for low maintenance. The gourmet kitchen boasts a Miele double oven, gas cooktop, pot filler, and stainless steel appliances. With 3 bedrooms, each with a private bath, plus a 4th bedroom or den, this home has plenty of space. Additional features include an office with built-ins and a garage with split HVAC. Storage space is abundant, and there's a circular drive for extra parking. This property offers a luxurious and comfortable lifestyle.
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| Sep 24, 2019 | Sold | ||
| Sold | |||
| Jul 16, 2019 | Listed by Dave Perry Miller Real Estate | $1,375,000 | |
| Listed by Dave Perry Miller Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017