11 Stonegate Drive
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 |
|---|---|---|---|
| Mar 8, 2021 | Sold | ||
| Sold | |||
| Jan 29, 2021 | Listed by Martha Turner Sotheby's | $1,600,000 | |
| Listed by Martha Turner Sotheby's | |||
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11 Stonegate is a lovely brick traditional in the heart of Memorial's Hedwig Village. The two story foyer leads to large living and dining rooms, and also opens to the oversized great room which has windows overlooking the rectangular backyard pool. On the first floor, 10' ceiling heights, 8' doorways, crown moldings, and wood floors create an elegant look. There is a wet bar in the great room and the breakfast room opens to the well-appointed kitchen with stainless appliances. Also on the first floor is the primary bedroom, which has access to the paneled study. The updated primary bath features two separate sinks and a separate tub and shower. On the second floor are four large bedrooms with walk-in closets, plus two additional connecting full baths. There is also a powder room on the first floor, plus a half bath in the utility room and a 3 car garage. 11 Stonegate is located near the end of a cul-de-sac street, and is zoned to highly rated Spring Branch schools.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017