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Map
1502 Hemlock Drive
About This Property
Incredible opportunity for investors, landlords, or owner-occupants willing to put in some TLC to secure strong value. This property can serve as a comfortable family home or a solid addition to a rental portfolio.
The home offers a functional floor plan with comfortable living spaces, providing flexibility for everyday living or future improvements. The lot includes outdoor space suitable for entertaining, relaxation, or additional enhancements.
This property presents a strong opportunity in a desirable area. Conveniently located near local amenities and commuter routes, the home combines accessibility with long-term potential.
Schedule your showing today and explore the possibilities this property has to offer.
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Cap Rate Calculator
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 6, 2026 | Sold | ||
| Sold | |||
| Jan 16, 2026 | In contract | - | |
| In contract | |||
| Jan 2, 2026 | Listed by Karen Davis Properties | $189,900 | |
| Listed by Karen Davis Properties | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017