1209 Macon Drive
About This Property
Upstairs, you'll find four bedrooms and a large loft space, providing extra room for various activities. The primary bathroom has been fully renovated, showcasing floor-to-ceiling Travertine tile in the shower, a large soaking tub, double vanities, and his and hers closets.
This home also includes two outdoor living spaces: a fully screened patio and a top deck on the second floor. Additional highlights include plantation shutters, hurricane shutters 2017, a whole-home generator 2018, HVAC 2016, a new roof 2023, fence 2022 and don't forget the Community pool!
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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 |
|---|---|---|---|
| May 23, 2025 | Sold | ||
| Sold | |||
| Apr 12, 2025 | In contract | - | |
| In contract | |||
| Apr 1, 2025 | Price Decreased |
$424,500
↓ $500
(0.1%) | |
| Price Decreased | |||
| Mar 21, 2025 | Price Decreased |
$425,000
↓ $15K
(3.4%) | |
| Price Decreased | |||
| Feb 28, 2025 | Price Decreased |
$440,000
↓ $10K
(2.2%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017