111 Gaines Trail
About This Property
This stunning new craftsman-styled home blends elegance and comfort. Enter the foyer, past the study, you will find a beautifully appointed family that features a three door glass slider that seamlessly opens to a screened porch offering serene, wooded views. The first floor holds the owner's suite, guest suite with private bath, study, dining, family, and kitchen, along with a walk in pantry and laundry. The second floor offers two additional secondary bedroom and baths and a massive rec room. Walk in attic space with opportunity to expand in the future. $30,000 use as you choose incentive with use of preferred lender and attorney. To be used toward rate buy down, closing costs, or upgrades.
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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 27, 2026 | Sold | ||
| Sold | |||
| Apr 29, 2026 | In contract | - | |
| In contract | |||
| Apr 13, 2026 | Relisted | $1,010,000 | |
| Relisted | |||
| Mar 24, 2026 | In contract | - | |
| In contract | |||
| Oct 23, 2025 | Price Decreased |
$1,010,000
↓ $10K
(1%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017