121 W Fairview
About This Property
Situated on a generous 6,000 sq. ft. lot, the property includes approximately 2,500 sq. ft. of flat, buildable land, offering outstanding potential to add an ADU, design a stunning in-ground pool, or create your ultimate outdoor retreat-adding both lifestyle value and future upside.
The spacious primary bedroom serves as a true sanctuary with his-and-hers closets and a charming fireplace, while the family room features a second fireplace and beautiful French doors that open to the backyard, allowing for effortless indoor-outdoor living-perfect for entertaining or relaxing.
At the heart of the home is a modern kitchen with granite countertops, a sleek glass tile backsplash, and a central island ideal for gatherings and daily living. The adjacent breakfast nook is bathed in natural light, creating the perfect spot for morning coffee or casual meals.
The living room is bright and welcoming, filled with natural light that highlights the home's classic Spanish charm. Step outside to the covered entertaining patio with a built-in outdoor kitchen, ideal for hosting friends, family gatherings, or weekend barbecues.
With its recent price reduction, this home stands out as one of the best values currently available in the market-offering charm, space, and exceptional potential. This is a rare opportunity to secure a beautiful Spanish-style home at an unbeatable price.
Don't miss this outstanding value-schedule your private showing today.
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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 |
|---|---|---|---|
| Apr 23, 2026 | Sold | ||
| Sold | |||
| Mar 22, 2026 | In contract | - | |
| In contract | |||
| Feb 13, 2026 | Price Decreased |
$1,075,000
↓ $50K
(4.4%) | |
| Price Decreased | |||
| Jan 7, 2026 | Listed by K & K Group, Inc. | $1,125,000 | |
| Listed by K & K Group, Inc. | |||
| Oct 24, 2025 | Listed | $1,198,000 | |
| Listed | |||
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Welcome to this beautiful Spanish-style home that perfectly blends timeless character with modern updates. This inviting 3-bedroom, 2-bathroom residence showcases rich hardwood floors and elegant architectural details throughout, offering both warmth and sophistication.
Set on a spacious 6,000 sq. ft. lot, the property includes approximately 2,500 sq. ft. of flat, buildable land ideal for adding an ADU, a sparkling in-ground pool, or your dream outdoor retreat.
The large master bedroom is a true sanctuary, featuring his-and-hers closets, a cozy fireplace. The family room offers another charming fireplace and French doors that open to the serene backyard, creating a seamless indoor-outdoor flow for entertaining or everyday living.
At the heart of the home lies a beautiful modern kitchen with granite countertops, a stylish glass tile backsplash, and a central island perfect for meal prep or casual dining. A bright **breakfast nook** invites morning light and creates the perfect space to enjoy your coffee while overlooking the yard.
The living room is filled with natural light, highlighting the home’s inviting ambiance and stunning Spanish character. Step outside to the covered entertaining patio, complete with a built-in outdoor kitchen, ideal for weekend barbecues or hosting guests year-round.
This property offers exceptional potential and flexibility—whether you dream of expanding, adding an ADU, or simply enjoying the open outdoor space. With its combination of charm, comfort, and opportunity, this Spanish-style gem truly has it all.
Don’t miss your chance to own this one-of-a-kind home that effortlessly balances classic design and modern living.
Welcome home!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017