12428 Palmer Drive
About This Property
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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 |
|---|---|---|---|
| Jul 21, 2026 | Sold | ||
| Sold | |||
| May 23, 2026 | In contract | - | |
| In contract | |||
| Apr 11, 2026 | Price Decreased |
$1,875,000
↓ $75K
(3.9%) | |
| Price Decreased | |||
| Mar 1, 2026 | Listed by Coldwell Banker Realty | $1,950,000 | |
| Listed by Coldwell Banker Realty | |||
| Jun 10, 2025 | Listed | $2,150,000 | |
| Listed | |||
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Welcome to 12428 Palmer Dr, located in a prestigious gated community -- a beautifully remodeled, move-in-ready home that truly has it all! Featuring 5 spacious bedrooms and 5.5 luxurious bathrooms, this stunning property offers both comfort and style at every turn. Step inside to find fresh new paint, plantation shutters, and a full kitchen remodel showcasing sleek quartz countertops, modern cabinetry, and premium finishes. The bright, open floor plan flows seamlessly into the living spaces, perfect for entertaining or relaxing with family.The outdoor amenities are just as impressive, starting with a sparkling in-ground swim spa, a cozy 15-person fire pit, and a newly poured driveway with RV parking and an electric car hookup. There's even room to add a sport court or a full-sized pool, giving you even more ways to enjoy this incredible property. A whole-home generator provides peace of mind, while the garage features custom built-in cabinets for added storage and organization. Every bathroom has been tastefully remodeled, and designer touches elevate every room throughout the home.This property offers the rare combination of luxurious upgrades and practical features, all set within a secure and sought-after neighborhood. Don't miss the opportunity to make 12428 Palmer Dr your forever home!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017