1109 Italy Drive
About This Property
The expansive living room, with soaring ceilings and a cozy fireplace, effortlessly opens to the chef's kitchen. This kitchen is truly a masterpiece, featuring beautiful antiqued cabinetry, a large island, granite countertops, a bar, a walk-in pantry, double ovens, a microwave, and a commercial-grade gas cooktop - perfect for any culinary enthusiast. The luxurious primary suite, located on the first floor, offers a private sanctuary with a spa-like bathroom and an impressive walk-in closet. Additionally, a private secondary bedroom with an ensuite bath and a guest powder bath provide comfortable accommodations for guests. Step outside to discover a private backyard with an extra side yard, ideal for a dog run, and enjoy the convenience of a spacious three-car garage for ample storage. Upstairs, the home offers a game room with a bar, a large media room perfect for entertaining, and two additional generously sized bedrooms that are filled with natural light. A second guest powder room adds to the home's convenience. Situated on a peaceful street with easy access to shops, schools, and highways, this home offers the perfect combination of luxury, comfort, and practicality. See pool rendering in transactions desk.
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Cap Rate Calculator
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 |
|---|---|---|---|
| May 28, 2025 | Sold | ||
| Sold | |||
| May 11, 2025 | Price Decreased |
$835,000
↓ $10K
(1.2%) | |
| Price Decreased | |||
| May 11, 2025 | In contract | - | |
| In contract | |||
| Apr 14, 2025 | Listed by Ebby Halliday, REALTORS | $845,000 | |
| Listed by Ebby Halliday, REALTORS | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017