12612 WALLACE LANE
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 |
|---|---|---|---|
| Jun 12, 2025 | Sold | ||
| Sold | |||
| May 15, 2025 | In contract | - | |
| In contract | |||
| Apr 29, 2025 | Listed by RE/MAX United Real Estate | $650,000 | |
| Listed by RE/MAX United Real Estate | |||
| Oct 4, 2021 | No longer available | - | |
| No longer available | |||
| Aug 19, 2021 | Listed by RE/MAX United Real Estate | $615,000 | |
| Listed by RE/MAX United Real Estate | |||
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This is IT! Incredible opportunity to make this absolutely stunning and turn-key home yours! You'll be blown away the second you arrive! The home has so much to offer starting with a light filled floor plan, gorgeous 2 story foyer, first floor private office, separate dining and living rooms, beautiful remodeled eat-in kitchen with a center island, stainless steel appliances, quartz counter tops, 42" cabinets, and custom subway tile backsplash! The kitchen also walks out to an oversized deck that's perfect for relaxing and summer cookouts! Off the kitchen is a cozy family room with a gas fireplace! The main level also offers brand new upgraded luxury vinyl tile flooring throughout! The upper level offers an incredibly large owner's suite with its own sitting room, two walk-in closets, soaring ceilings, and a private owner's bath with double sinks, a soaking tub, and separate shower! All of the additional bedrooms on the upper level are very spacious, as well as the hall bath! There is a fully finished walk-out basement with a large rec room, additional large 5th bedroom and a full bath! Other features include upgraded light fixtures, crown moldings, chair rail, and the exterior has an irrigation system and nice landscaping! The home is situated towards the end of the street near the cul-de-sac which is super peaceful and is super convenient to plenty of shopping, dining, as well as an easy commute to DC and Joint Base Andrews! The manager has listed the unit size as 4164 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017