12907 COLLEGE HILL DRIVE
About This Property
Welcome to your (essentially) brand new home wrapped in classic cinder block charm. This stunning 3-bedroom, 2-bath property has been completely rebuilt from the studs in-literally. With all new drywall, plumbing, electrical (including a new 150-amp panel), windows, doors, and finishes throughout, this home offers the confidence and comfort of new construction with a solid, time-tested shell.
Step into the spacious open-concept living area featuring durable tile floors, LED lighting throughout, and a show-stopping 8-foot kitchen island perfect for entertaining. The kitchen is fully outfitted with new stainless steel appliances, subway tile backsplash, and modern cabinetry-every detail thoughtfully designed.
Both bathrooms feel like spa retreats with subway tile tub and shower surrounds, mosaic tile accents, and sleek new fixtures. Plush carpet adds comfort in all three bedrooms.
Outside, enjoy a fully fenced yard-ideal for pets, or private outdoor living. The roof is under 10 years old, and the A/C unit has been maintained and certified. For peace of mind, a recent wind mitigation and 4-point inspection report are available for buyer review.
This is not just a remodel-it's a full rebuild with quality craftsmanship throughout. If you're looking for a worry-free, move-in-ready home with timeless style and modern comfort, this is it.
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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 31, 2025 | Sold | ||
| Sold | |||
| Jun 29, 2025 | In contract | - | |
| In contract | |||
| Jun 7, 2025 | Price Decreased |
$274,900
↓ $5K
(1.8%) | |
| Price Decreased | |||
| Jun 2, 2025 | Price Decreased |
$279,900
↓ $5K
(1.8%) | |
| Price Decreased | |||
| May 30, 2025 | Price Decreased |
$284,900
↓ $5K
(1.7%) | |
| Price Decreased | |||
Property Highlights
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017