11823 FALLS RD
About This Property
Fabulous Mid Century Modern Home in a very large lot. This house has an incredible personality with a big heart that is the kitchen. This remarkable Bray & Scarff design is unique in its ability of blending its colors and bringing nature inside the home. The kitchen opens up to a double size deck that invites to celebrate life, where you will feel in the middle of an enchanting serene forest. The breakfast area of the kitchen has enormous windows and the dining room is very intimate with a fireplace to keep you warm during those winter days. The house is a bilevel and in the main level is a very large master bedroom with a bathroom that has a steam shower and three other nice size bedrooms and another full bathroom. The basement with its fireplace and a grandiose family room with big windows open to a brick English patio. There are two more bedrooms and a full bathroom, also a very convenient laundry room and a very spacious two car garage. There is a driveway in the back where you can park two or three cars. At the front is another driveway a beautiful green garden and a vegetable garden too. Come be dazzle by this happy house under a treed canopy, an oasis of seclusion from the bustle of the world.
Buyer financing felt through. Waiting for the release. Their loss your gain! Sold As Is.
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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 |
|---|---|---|---|
| Dec 19, 2023 | Sold | ||
| Sold | |||
| Nov 20, 2023 | In contract | - | |
| In contract | |||
| Oct 24, 2023 | Relisted | $950,000 | |
| Relisted | |||
| Sep 27, 2023 | In contract | - | |
| In contract | |||
| Sep 10, 2023 | Price Decreased |
$950,000
↓ $45K
(4.5%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017