1199 Fairway Lane
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 |
|---|---|---|---|
| Oct 18, 2024 | Sold | ||
| Sold | |||
| Oct 7, 2024 | In contract | - | |
| In contract | |||
| Sep 28, 2024 | In contract | - | |
| In contract | |||
| Sep 21, 2024 | Listed by FAMILY TREE REALTY, INC. | $709,000 | |
| Listed by FAMILY TREE REALTY, INC. | |||
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Welcome to this stunning 3-bedroom + den/study home, offering a perfect blend of style and functionality. As you step inside, you’ll be greeted by beautiful vinyl plank flooring throughout and large cased doors. The spacious master suite boasts a cozy fireplace, a walk-in closet, plantation shutters, and a luxurious en-suite bathroom featuring a wrap-around shower, a relaxing Jacuzzi tub, and dual vanities. The home is fully equipped for modern living, with the entire house wired for speakers, two thermostats, and a whole house fan to keep things comfortable. A newly installed heat pump and second condenser ensure efficient climate control, with an AC system recently serviced. The additional bedrooms feature mirrored wardrobe doors, and the vaulted ceilings in the living room and master bedroom create an airy, open feel. A quarter bath is conveniently located off the hallway leading to the remodeled kitchen. Here, you’ll find refinished soft-touch cabinets with ample storage, all stainless-steel appliances, and a cozy breakfast nook.
The laundry room is fully equipped with finished cabinets, a utility sink, and both electric and gas outlets for ultimate convenience. Outdoors, enjoy the beautiful backyard oasis with a sparkling pool and waterfall, a dedicated fountain pump, a Jacuzzi, and a retractable awning. There’s ample storage with two sheds, built-in garage cabinets, and full storage above the garage. The exterior also features a new garage door opener, rain gutters, and a storm door. For extra security, a camera system by Feit Electric is included. Landscaping is a breeze with an auto sprinkler and drip system, along with 19 mature palms adorning the property. Ceiling fans are thoughtfully installed throughout the home, including outdoor spaces. This home has everything you need and more – schedule a viewing today!
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| Jan 28, 2019 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017