122 E Gray Owl Drive
About This Property
A front hallway leads to two guest bedrooms and a full bathroom, creating a private space that works well for visitors, children, or a home office setup. The center of the home opens into a bright living, dining, and kitchen area filled with natural light from multiple windows and a glass back door. Perfect for everyday living and entertaining, the kitchen includes a large island with views of the shared spaces, quartz countertops, soft-close Shaker-style cabinets, stainless steel appliances including a stove, microwave, and dishwasher, plus a corner pantry for extra storage.
Durable EVP flooring runs throughout the shared spaces of this home and carpet is in each bedroom. Toward the back of the home, a separate hallway leads to the laundry room and the private primary suite. This spacious retreat offers a luxurious bath with a soaking tub, separate shower, oversized double vanity, and a walk-in closet with ventilated shelving. Past the dining area, an additional hallway leads to two more guest bedrooms and a third full bathroom, completing this thoughtfully arranged floor plan.
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Cap Rate Calculator
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 | Sold | ||
| Sold | |||
| Sep 29, 2026 | In contract | - | |
| In contract | |||
| Sep 25, 2026 | Price Decreased |
$368,724
↓ $28K
(7%) | |
| Price Decreased | |||
| Sep 10, 2026 | Price Increased |
$396,456
↑ $2K
(0.4%) | |
| Price Increased | |||
| Sep 2, 2026 | Price Decreased |
$394,706
↓ $2K
(0.5%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017