29
Map
1402 Drake Ave
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 |
|---|---|---|---|
| Mar 11, 2026 | In contract | - | |
| In contract | |||
| Mar 5, 2026 | Listed by Bramlett Partners | $2,300,000 | |
| Listed by Bramlett Partners | |||
| May 22, 2024 | Withdrawn | - | |
| Withdrawn | |||
| Mar 29, 2024 | Price Decreased |
$2,849,999
↓ $99K
(3.4%) | |
| Price Decreased | |||
| Mar 26, 2024 | Listed by Austin Fine Properties LLC | $2,949,000 | |
| Listed by Austin Fine Properties LLC | |||
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Nestled among majestic oak trees, this stunning almost 3,000 square foot high-end home boasts a captivating dark exterior that harmoniously blends with its lush surroundings. The sophisticated design wraps gracefully around the ancient oaks, creating a serene and private sanctuary that exudes both elegance and tranquility. This luxurious 4-bedroom, 4.5-bathroom residence offers the perfect blend of modern, contemporary, and farmhouse styles. Each of the four generously proportioned bedrooms features an ensuite bathroom, ensuring ultimate comfort and privacy for residents and guests alike. Situated just one block off Austin's famed South Congress Street in the coveted Travis Heights neighborhood, this magazine-worthy home was meticulously built by Moore-Tate in 2022 with high-end details and an exceptional finish-out. The prime location offers easy access to a greenbelt and walking trail, leading to local shops, restaurants, and hotels. Enjoy a leisurely stroll to Hotel Magdalena, Aba, Home Slice Pizza, Jo's Coffee, and Four Seasons brunch, or explore the new Austin vibe with Soho House, Equinox, and Hermes. Completed in Spring 2022 and meticulously maintained, this residence offers ample indoor and outdoor entertaining options, including a charming screened-in porch area at the front of the house. A rare garage space adds to the convenience of downtown living. Ideal for hosting guests and friends, the home features a second-floor mudroom and laundry area near the master suite, providing practicality and abundant storage throughout the property. Experience the ultimate in luxury living, where the elegance of modern design meets the timeless beauty of nature in this exceptional oak tree haven, just steps away from the vibrant heart of Austin!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017