12 Cullen Way
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%.
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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 |
|---|---|---|---|
| Jun 17, 2024 | Sold | ||
| Sold | |||
| Apr 26, 2024 | In contract | - | |
| In contract | |||
| Jan 17, 2024 | Listed by Compass New England, LLC | $1,250,000 | |
| Listed by Compass New England, LLC | |||
| Dec 2, 2023 | No longer available | - | |
| No longer available | |||
| Nov 16, 2023 | Listed by Compass New England, LLC | $1,100,000 | |
| Listed by Compass New England, LLC | |||
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Welcome to 12 Cullen Way. This stunning home is nestled in a highly sought after cul-de-sac neighborhood. It offers 5 beds and 4.5 baths, as well as a gorgeous 1000 sq/ft in-law suite perfect for multigenerational living or guests. The home boasts a formal living room that opens to the large back deck, a formal dining room for elegant entertaining, an inviting eat-in kitchen, plus a den that can be tailored to suit your lifestyle, and a convenient mud area with laundry and a recently renovated ¾ bath. The large primary bedroom suite has a spa-like bathroom and is a perfect fusion of luxury and comfort with its own laundry. The luxe lower level walk-out in-law suite is bright, with a full gourmet kitchen, packed with storage, and has its own laundry. (Laundry on every level) The 1.25 acre property is a nature lover's paradise, with mature blooming gardens creating a picturesque backdrop for relaxing or entertaining. Home is located across the street from access to cross-country trails that run through conservation land and connect to many other community trails. Located in a great commuter area and a highly rated school district, this home provides the perfect combination of tranquility and accessibility. The sellers have made a multitude of upgrades both aesthetically and to the infrastructure including but not limited to new roof, new boiler, new A/C, whole house generator, R50+ open cell insulation, 80 gallon water heater, interior/exterior paint, and a long list of others. The manager has listed the unit size as 5282 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017