1 Colby Lane
About This Property
This stylish open-concept home offers 2/3 bedrooms and nearly 700 sq ft of additional living space in the fully finished basement-complete with a gas fireplace and full bath. Newer kitchen with vaulted ceilings, granite countertops and a huge center island. Flexible space ideal for a home office or can easily be converted back to the third bedroom. Enjoy outdoor living in the private backyard with a Trex deck, newer above-ground pool, and patio. Additional highlights include a direct entry garage, newer HVAC and water heater, whole-house water filtration, and more. A true turnkey gem in a sought-after neighborhood!
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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 |
|---|---|---|---|
| Aug 8, 2025 | Sold | ||
| Sold | |||
| Jul 1, 2025 | In contract | - | |
| In contract | |||
| Jun 27, 2025 | Listed by C21 Thomson & Co. | $599,900 | |
| Listed by C21 Thomson & Co. | |||
| Apr 11, 2016 | Sold | ||
| Sold | |||
| Sep 18, 2015 | Listed by VRI Homes | $299,999 | |
| Listed by VRI Homes | |||
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A Must See!! Move Right In!! Motivated Seller!! This beautifully kept ranch features 2/3 bedrooms, 1.5 baths, a direct entry 1 car garage and new, partially finished basement with a brick gas fireplace. As you make your way through this charming home you will find a cathedral ceiling which gives the space a light and spacious feeling, hardwood floors and a new furnace. All this located on a fully fenced, private corner lot, perfect for entertaining and just minutes to schools, the train and parkway. Please note the 3rd bedroom is currently being used as an office and was used as a dining room by the previous owner but could easily be converted back into a 3rd bedroom.
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Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22519058
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017