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1402 Shelmar Drive
About This Property
The open-concept floor plan features spacious living and dining areas ideal for entertaining. The chef-inspired kitchen showcases 3 cm Carrara-style quartz countertops, a dramatic full-height marble-look slab backsplash, stainless steel microwave and dishwasher, and generous prep space. Luxury 12 mm waterproof Hickory Blonde wide-plank flooring flows throughout, complemented by fresh designer paint and LED recessed lighting.
The private primary suite features a large closet with custom double shelving and a spa-inspired bath with soaking tub, floor-to-ceiling polished Alto Blanco porcelain tile, custom niche, and matte black fixtures. The renovated guest bath offers a frameless glass walk-in shower with matching floor-to-ceiling tile and designer finishes.
Major improvements include NEW Low-E, argon-filled energy-efficient vinyl windows, NEW Class 3 impact-resistant architectural shingle roof with new decking, soffits and fascia, NEW high-efficiency Goodman HVAC, and NEW insulation throughout the walls and attic. Outside, enjoy a NEW Western Red Cedar privacy fence with factory-stained pickets and heavy-duty galvanized steel posts.
Extensive upgrades, energy-efficient improvements, and carefully curated finishes make this home truly move-in ready. Approx. 1,450 sq. ft. of livable space; buyer and buyer's agent to verify all measurements, square footage, schools, and property information.
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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%.
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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.
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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 |
|---|---|---|---|
| Aug 10, 2026 | In contract | - | |
| In contract | |||
| Jul 31, 2026 | Price Decreased |
$314,999
↓ $5K
(1.6%) | |
| Price Decreased | |||
| Jul 17, 2026 | Listed by Ignite Real Estate Group | $319,999 | |
| Listed by Ignite Real Estate Group | |||
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About Arkansas Heights
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017