1541 Sapphire Lane
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 |
|---|---|---|---|
| Apr 11, 2025 | Sold | ||
| Sold | |||
| Feb 1, 2025 | Listed by Real Broker | $1,050,000 | |
| Listed by Real Broker | |||
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In the highly desirable Shadowridge community, this spacious 4-bedroom, 2.5-bathroom home has plenty to offer. Pride in the well-kept neighborhood without the constraints of an HOA! Step inside to find beautiful Spanish tile flooring throughout the lower level, two inviting living rooms—each with its own cozy fireplace—and soaring vaulted ceilings that create a bright and airy atmosphere. Upstairs are 4 bedrooms, with the Primary bedroom sharing a double door to the second bedroom. The living areas make entertaining a breeze both with slider doors to the backyard, while the 3-car garage provides ample storage and convenience. Outside, your private backyard awaits, featuring a relaxing hot tub/spa with a stunning waterfall feature—perfect for unwinding after a long day. Don't miss this rare opportunity to own a gorgeous home in one of the sought after neighborhoods around!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017