1381 Sierra Drive
About This Property
The bright and airy den area includes a ceiling fan and an abundance of windows, making it a perfect space for a home office, reading room, or additional living area. The dining space offers built-in banquette-style seating, complemented by plantation shutters and a charming hanging light fixture that creates an intimate dining atmosphere. The open-concept kitchen provides great flow and features a propane range, ideal for everyday cooking.
The bathroom is designed with ease in mind, offering a step-in shower enclosure and a vanity with ample storage. The bedroom showcases cozy wood paneling, generous cabinet space, and mirrored wardrobe doors for added convenience and style.
Additional highlights include a heat pump system with venting to all rooms for year-round comfort, as well as a separate shed housing a washer and dryer, adding practicality and extra storage.
Residents will enjoy access to a vibrant community featuring a large clubhouse, lap pool, spa/hot tub area, and a variety of social activities and amenities-perfect for an active and engaging lifestyle.
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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 |
|---|---|---|---|
| May 22, 2026 | Sold | ||
| Sold | |||
| May 3, 2026 | In contract | - | |
| In contract | |||
| Apr 23, 2026 | Price Decreased |
$84,000
↓ $14K
(14.3%) | |
| Price Decreased | |||
| Apr 14, 2026 | Relisted | $98,000 | |
| Relisted | |||
| Apr 10, 2026 | In contract | - | |
| In contract | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017