1 Cherry Tree 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 |
|---|---|---|---|
| Jul 31, 2025 | Sold | ||
| Sold | |||
| Jun 25, 2025 | In contract | - | |
| In contract | |||
| Jun 19, 2025 | Listed | $659,000 | |
| Listed | |||
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Pride of ownership shines in this beautifully maintained contemporary home on Cherry Tree Lane! Featuring an open floor plan, vaulted ceilings, and gleaming hardwood floors throughout. The cabinet-packed kitchen flows seamlessly into the living area, which offers great natural light and modern design. The first floor includes a full bath, one bedroom, and two versatile bonus rooms with closets—perfect for home offices, playrooms, or guest space. Upstairs you'll find the spacious main bedroom with a full bath, plus another bedroom with a large closet. A huge attic offers excellent storage, and the high-ceiling unfinished basement provides great potential for future expansion. Enjoy summer nights on the deck overlooking the large, fenced-in backyard. Located on a quiet cul-de-sac in a desirable neighborhood. With limited inventory in today’s market, this move-in ready gem is priced to sell and available for a quick closing! Offers, if any, due on Monday 6/23 at 12 pm.
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| Jun 13, 2023 | Sold | ||
| Sold | |||
| May 4, 2023 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017