1011 Farrand Court
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 |
|---|---|---|---|
| Dec 12, 2025 | Sold | ||
| Sold | |||
| Nov 16, 2025 | In contract | - | |
| In contract | |||
| Sep 16, 2025 | Listed by Home Hunter | $899,000 | |
| Listed by Home Hunter | |||
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REMARKABLE SUPERIOR HOME IN A PRIME LOCATION AND AT AN UNBELIEVABLE PRICE. PROPERTY IS PRICED WELL BELOW MARKET TO SELL NOW. The home is in need of a new AC system, windows, and updated kitchen cabinets which is reflected in the price being below market by over $150,000. This beautiful home has over 3,200 square feet of spacious living area. The kitchen has a new Whirlpool stainless steel dishwasher that was installed just 2 months ago, both French doors were replaced 2 years ago, the roof was replaced about 4 years ago, and a 50 gallon Rheem water heater was installed only 6 years ago.
*** THIS PROPERTY IS A PERFECT POTENTIAL INVESTMENT TO BUILD A 1-2-3 BEDROOM ADU WITH A GATE AND CONCRETE DRIVE ACCESS INTO THE BACKYARD FOR A POTENTIAL ADU RENTAL INCOME STARTING RANGE FROM $1,900-$3,400 PER MONTH PROJECTED INCOME.
This property has RV parking. You will love the indoor-outdoor feel of this open and bright home with vaulted ceilings, oversized rooms, and REAL REAL hardwood floors that have just been resurfaced. The multiple french doors lead to a wraparound patio met with the lush landscaped backyard with multiple orange trees, apple trees, a Madeiran orange tree, as well as a dwarf avocado tree and multiple rose bushes. This single story home (except for the office and balcony), with 3-car garage and an abundance of driveway parking (3+ cars) resides at the end of a welcoming Cul de sac. SEE THE VIRTUAL AND 3-D TOUR!
*OPEN TO TAKE BACK UP OFFERS *
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| Jun 19, 2012 | Sold | ||
| Sold | |||
| Apr 5, 2012 | Listed by Rogan and Associates | $469,000 | |
| Listed by Rogan and Associates | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017