1200 Lancaster Drive
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 22, 2026 | Price Decreased |
$390,000
↓ $10K
(2.5%) | |
| Price Decreased | |||
| Oct 19, 2026 | Listed by Keller Williams Realty-FM | $400,000 | |
| Listed by Keller Williams Realty-FM | |||
| Sep 18, 2026 | No longer available | - | |
| No longer available | |||
| Sep 15, 2026 | Price Decreased |
$425,000
↓ $25K
(5.6%) | |
| Price Decreased | |||
| Aug 27, 2026 | Listed by Keller Williams Realty-FM | $450,000 | |
| Listed by Keller Williams Realty-FM | |||
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Welcome to 1200 Lancaster Drive in Northlake! This beautifully updated home offers amazing curb appeal, a spacious floor plan, and a fantastic location within a highly sought-after school district. Thoughtful updates throughout include beautiful wood flooring, modern black plumbing fixtures, updated shaker-style kitchen cabinetry, and more. The main level features a versatile front office or flex room, convenient half bath, and a large living room that flows seamlessly into the open kitchen, creating the perfect layout for everyday living and entertaining. Upstairs, a spacious game room provides an ideal secondary living area. The primary suite features a generous walk-in closet and beautifully updated bath, while two additional bedrooms and a full bath offer plenty of space for family or guests. The utility room is also conveniently located upstairs near the bedrooms—no hauling laundry up and down the stairs! Outside, the home sits on a great-sized lot with a spacious backyard and covered patio, offering plenty of room to play, entertain, or simply relax. Complete with a two-car garage and a location near excellent schools, this move-in-ready Northlake home is a must-see!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017