1141 Grass Valley (Alley)
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 30, 2025 | Sold | ||
| Sold | |||
| Aug 29, 2025 | In contract | - | |
| In contract | |||
| Aug 8, 2025 | Price Decreased |
$499,000
↓ $26K
(5%) | |
| Price Decreased | |||
| Jul 1, 2025 | Price Decreased |
$525,000
↓ $24K
(4.4%) | |
| Price Decreased | |||
| May 23, 2025 | Listed by Coldwell Banker Realty | $549,000 | |
| Listed by Coldwell Banker Realty | |||
| | |||
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BRAND NEW SEWER MAIN AND PRICE REDUCED! Seller needs to relocate & is motivated! Located in the desirable Arrowhead Woods community with Lake Rights, this spacious 5-bedroom home offers the perfect blend of comfort, upgrades, and versatility. Entrance is on Grass Valley Alley, a well-maintained access road with resident-supported upkeep for a nominal annual fee. Enjoy multiple major upgrades, including a Remodeled kitchen, Waterproof luxury vinyl plank (LVP) flooring, Reinforced foundation with 100-year warranty, windows, driveway, retaining wall, fully remodeled bathroom, updated gutters, exterior paint and newer 4 ton furnace. With two cozy fireplaces, this home is ideal as a primary residence, second home, or VRBO investment. The 5th bedroom is flexible—perfect as an office, art studio, or music room. Downstairs features a large living area, ideal as a media or game room, complete with a 5K projector and 9'x5' wall screen for cinematic experiences. Furnishings are negotiable! TAKE IN UNOBSTRUCTED PANORAMIC RIDGELINE TREE VIEWS, ALONG WITH PEEK-A-BOO VIEWS OF THE GOLF COURSE AND GRASS VALLEY LAKE!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017