1240 Park Crossing
About This Property
As you open the gorgeous, brand new iron front door you will find a vaulted entry that ushers you in to your new great room with a brick fireplace and an extended private formal dining room. The kitchen is perfect for entertaining, with a full breakfast bar, prep island, refrigerator that stays, pantry, beverage cooler and stainless appliances. The large laundry room is conveniently located just inside the garage door and has plenty of cabinet space for storage and a double door closet. A dedicated office space sits just off the kitchen and the exterior door leads out to your patio and beautiful yard that overlooks the park and the beautiful sunshine rising each day! Behind the kitchen, head upstairs to your bonus room area, two additional bedrooms and a full bath with a tile shower.
On the main floor the primary suite is expansive and treats you to a soaking tub and walk-in tile shower along with a huge primary closet. A 2nd bedroom on the main floor and a full bath next door make it a perfect setup for multi-generational family living. This home also comes with a brand new roof, upgraded SlabTech foundation with over 30 additional piers for foundation stability, new belt-drive garage opener, and brand new gorgeous iron front door. With the proximity to the nature park and almost-no-neighbors, you cannot beat the location in this coveted neighborhood!
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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 |
|---|---|---|---|
| Aug 8, 2025 | Sold | ||
| Sold | |||
| Jul 10, 2025 | In contract | - | |
| In contract | |||
| Jun 22, 2025 | Price Decreased |
$565,000
↓ $10K
(1.7%) | |
| Price Decreased | |||
| May 31, 2025 | Price Decreased |
$575,000
↓ $10K
(1.7%) | |
| Price Decreased | |||
| Apr 4, 2025 | Listed by Southern Collective Realty | $585,000 | |
| Listed by Southern Collective Realty | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017