5948 Madison Avenue
About This Property
Municipal water and sewer available at street. No HOA, no liens, clean title. Owner-financing not offered - cash preferred, but conventional financing acceptable with pre-approved buyer.
Close in 14-21 days with cooperative title. Sold strictly AS-IS.
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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 |
|---|---|---|---|
| Jul 20, 2026 | Price Change | $12,000 | |
| Price Change | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017