61
Map
1112 FALLSMEAD WAY
About This Property
For the 12-month period between Feb. 2025 and Feb. 2026, the sellers paid $796.33 for their electric usage. For the 12 months in 2025, the sellers made $619.12 by selling their SRECs back to the grid. If the sellers' usage in Jan. & Feb. 2025 was similar to that same period in 2026, that means the sellers paid approx. $177.21 for electricity for that 12-month period. That's $14.77 a month! See the attached fact sheet for details.
In addition, you would be the envy of your friends when you take over the fully outfitted 495 sq.ft. "Garage-Mahal" featuring extensive built-in storage, a built-in vacuum system, and room to keep everything neatly organized. Additional features include an automatic retractable awning and 2 remote-controlled, sun-restricting roller shades, solid six-panel doors, a gas fireplace, a 240-volt outlet in the garage for an EV charger, and a 40-year roof with well over a decade of life left. Residents of Fallsmead enjoy an enviable lifestyle thanks to the community's 18-acre private park featuring a pond, creek, walking and biking trails (on and off-road), playground, tennis and pickleball courts, and a community pool with an MCSL swim team. The pool house is currently under full renovation and set to reopen Memorial Day weekend.
Payment Calculator
Your Estimated Monthly Payment
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 |
|---|---|---|---|
| Jul 15, 2026 | Sold | ||
| Sold | |||
| Jun 23, 2026 | In contract | - | |
| In contract | |||
| Jun 18, 2026 | Price Decreased |
$1,200,000
↓ $49K
(3.9%) | |
| Price Decreased | |||
| May 15, 2026 | Listed by Compass | $1,249,000 | |
| Listed by Compass | |||
Property Highlights
Building Info
Comparables
Status
Price/ft²
Listed On
Sold On
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017