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1520 Lyle Lane
About This Property
Built in 2022 by the respected Harrod Builders, this beautifully designed 4-bedroom, 3-bathroom contemporary home offers the perfect blend of style, function, and energy efficiency. Situated on a usable 20,000+ sq. ft. corner lot, the property features a 3-car garage, RV parking, and exceptional outdoor space with plenty of room to add a pool.
Inside, you'll find a spacious open floor plan with 10-foot ceilings and luxury vinyl plank flooring throughout, creating a bright and inviting atmosphere. The well-appointed kitchen features quartz countertops, a designer tile backsplash, and generous workspace, while quartz countertops and coordinating finishes continue throughout the bathrooms for a cohesive, upscale look.
Designed with the future in mind, the home was built with the option for a 1-bedroom, 1-bath ADU and can be easily converted to take advantage of this flexible layout, making it ideal for multigenerational living, guests, or rental income.
Additional highlights include paid solar, a fully fenced backyard with a patio, and a spacious lot that offers endless possibilities for outdoor living and entertaining.
Located within walking distance of downtown, this exceptional property combines quality craftsmanship, modern amenities, and an unbeatable location. Enjoy the benefits of newer construction without the wait, all on a rare oversized lot with room to grow.
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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 |
|---|---|---|---|
| Aug 27, 2026 | Sold | ||
| Sold | |||
| Jul 15, 2026 | In contract | - | |
| In contract | |||
| Jun 24, 2026 | Listed by RE/MAX Parkside Real Estate | $1,195,000 | |
| Listed by RE/MAX Parkside Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017