11817 PATRICK ROAD
About This Property
Built in 1953 and meticulously updated, this home boasts a beautifully appointed kitchen with stainless steel appliances and elegant granite countertops, ideal for culinary enthusiasts. New replacement windows throughout bring in natural light, while the paved driveway adds convenience. The roof and heat pump were both replaced in 2016, ensuring long-term reliability.
The laundry room, located at the rear of the home, leads to a covered patio, perfect for relaxing or entertaining with a BBQ. The private, tranquil lot offers plenty of space for outdoor enjoyment. Unlike homes with basements, this property offers a practical 6 x 8 foot cement block shed and a 10 x 9+ foot cement slab that could easily accommodate a workshop or additional outbuilding. There's ample room to expand on this expansive, level lot.
This home combines warmth and charm with modern amenities. Don't miss the opportunity to see it for yourself-schedule a private tour today!
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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 |
|---|---|---|---|
| Aug 12, 2025 | Sold | ||
| Sold | |||
| May 8, 2025 | In contract | - | |
| In contract | |||
| Mar 20, 2025 | Price Decreased |
$299,900
↓ $5K
(1.6%) | |
| Price Decreased | |||
| Jan 27, 2025 | Price Decreased |
$304,900
↓ $10K
(3.2%) | |
| Price Decreased | |||
| Dec 10, 2024 | Price Decreased |
$314,900
↓ $3K
(0.8%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017