117 SHIRE DRIVE
About This Property
The main level offers a spacious living room with new flooring and recessed lighting, a nice-sized dining room, and an updated kitchen with quartz countertops, stainless steel appliances, a breakfast nook, and large windows that bring in plenty of natural sunlight. The large family room includes a tiled fireplace and opens to an all-season sunroom overlooking the backyard with a built-in pool and new liner. A convenient laundry room combined with a mudroom adds to the functionality of the first floor.
Upstairs, the primary suite includes a private bath and generous closet space. Two additional bedrooms and a main hall bathroom complete the second floor.
The fully finished basement expands the living space with a full bathroom that includes a tiled shower with glass doors, providing options for a home office, gym, or guest area.
This home combines modern updates with a functional layout in a sought-after neighborhood close to shopping, dining, and major highways.
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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 |
|---|---|---|---|
| Feb 27, 2026 | Sold | ||
| Sold | |||
| Jan 19, 2026 | In contract | - | |
| In contract | |||
| Sep 6, 2025 | Listed by Keller Williams Premier | $525,000 | |
| Listed by Keller Williams Premier | |||
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About Gloucester
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017