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11119 Iris 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 |
|---|---|---|---|
| Sep 4, 2025 | Sold | ||
| Sold | |||
| Jul 22, 2025 | In contract | - | |
| In contract | |||
| Jun 25, 2025 | Price Decreased |
$1,095,000
↓ $30K
(2.7%) | |
| Price Decreased | |||
| Jun 3, 2025 | Price Decreased |
$1,125,000
↓ $50K
(4.3%) | |
| Price Decreased | |||
| Mar 12, 2025 | Listed by First Team Real Estate | $1,175,000 | |
| Listed by First Team Real Estate | |||
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Welcome to your dream home in Sycamore Creek, where luxury and adventure seamlessly come together! Tucked away on a serene cul-de-sac, this breathtaking 5-bedroom, 4-bathroom estate spans nearly 4,000 sq. ft. of refined elegance and comfort. Upon entering, natural light floods the open-concept floor plan, highlighting the luxurious vinyl plank flooring and sophisticated design throughout. The formal living room, private office, and expansive family room with a custom entertainment center provide the ideal spaces for both relaxation and entertaining.
The gourmet kitchen is every chef’s fantasy, featuring a grand island, gleaming quartz countertops, double ovens, and a spacious walk-in pantry. Upstairs, two master suites await your discovery. The primary suite offers a private balcony, a spa-inspired bathroom, and a generous walk-in closet, while the second master is perfect for guests or could serve as an entertaining game room. Additionally, the home features a Jack-and-Jill suite and a well-placed laundry room for convenience.
Step outside to your personal backyard oasis, complete with a rock pool, spa, waterfall, and slide. Unwind under the covered patio with built-in amenities or challenge friends to a game of hoops on your private basketball court. With smart home capabilities, fully paid-off solar panels, and eco-friendly upgrades, this home is designed with both luxury and sustainability in mind.
Sycamore Creek offers unparalleled resort-style amenities, including an Olympic-length pool, clubhouse, parks, pickleball courts, and more. This rare opportunity to own a slice of paradise is one you won’t want to miss!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017