12264 Olive Way
About This Property
Two main-floor office spaces and a park across the street distinguish this four-bedroom, four-bathroom Thornton home. The layout provides work areas separate from the bedrooms, including a built-in workspace with an L-shaped desk and cabinetry. The open kitchen features an island with seating and a walk-in pantry, while the adjoining living area has a high ceiling, upper windows and a fireplace. Sliding glass doors connect the dining area to a rear patio with a covered section. A covered front porch adds another outdoor sitting area. The tandem garage and unfinished basement provide additional utility; the basement is not represented as finished living space.
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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 |
|---|---|---|---|
| Sep 11, 2026 | Price Decreased |
$700,000
↓ $15K
(2.1%) | |
| Price Decreased | |||
| Aug 29, 2026 | Price Decreased |
$715,000
↓ $10K
(1.4%) | |
| Price Decreased | |||
| Aug 8, 2026 | Listed | $725,000 | |
| Listed | |||
| Aug 11, 2025 | No longer available | - | |
| No longer available | |||
| Jul 17, 2025 | Price Decreased |
$700,000
↓ $15K
(2.1%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017