5702 Spellman Road
About This Property
A versatile study can be used as a home office or an extra bedroom. The home's layout is functional and inviting, with a spacious living area that is open concept with dining and kitchen spaces. The kitchen features rolling granite topped island and ample storage, making it perfect for entertaining.
This property offers a great opportunity to personalize and make it your own. Located in the vibrant community of Westbury, you'll have easy access to local amenities, parks, schools, and shopping centers. Don't miss the chance to own a beautiful home in a prime location. Schedule a viewing today and explore the possibilities for your new Westbury residence.
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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 30, 2024 | Sold | ||
| Sold | |||
| Sep 28, 2024 | In contract | - | |
| In contract | |||
| Sep 16, 2024 | Price Decreased |
$365,000
↓ $10K
(2.7%) | |
| Price Decreased | |||
| Aug 30, 2024 | Price Decreased |
$375,000
↓ $5K
(1.3%) | |
| Price Decreased | |||
| Aug 19, 2024 | Price Increased |
$380,000
↑ $15K
(4.1%) | |
| Price Increased | |||
Property Highlights
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017