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15660 121st Terrace N
About This Property
The outdoor experience is nothing short of breathtaking. The east-facing backyard invites serene sunrises, while the west-facing front porch sets the stage for awe-inspiring sunset views. A flourishing food forest, thoughtfully installed in December 2022, nurtures a bio diverse selection of edible plants and trees, creating a self-sustaining, regenerative ecosystem. A newly added solar-powered gated entrance with keypad entry ensures privacy and security. Two newly installed backyard gates and a custom-designed fire pit provide the perfect ambiance for moonlit gatherings and connection with nature.
Inside, the primary suite is an absolute retreat, featuring a walk-in closet with tranquil views of the pool and lush backyard. French doors open to the grand fireplace and first-floor living area, enhancing the home's fluid connection to its organic surroundings. The primary bathroom is illuminated by a skylight, bathing the space in natural light and serenity. Throughout the home, handcrafted sitting areas, custom bookcases, and charming architectural details add to its distinct character. The chef's kitchen is a true work of art, featuring a 100-year-old reclaimed barn door pantry, a stunning 100-year-old general store cabinet island, and premium white and gold GE Cafe appliances, including a double oven and custom stove-top drawers. Newly installed luxury vinyl plank on the second level seamlessly integrates with the first-floor design, while upgraded shelving and custom closet systems in all three second-floor bedrooms ensure effortless organization. Thoughtfully designed areas, including a charming front porch swing, and under-stair reading nook and a screened-in porch off the kitchen with hand-painted flooring, provide multiple opportunities to embrace the art of slow living.
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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 |
|---|---|---|---|
| Oct 16, 2025 | Sold | ||
| Sold | |||
| Sep 22, 2025 | In contract | - | |
| In contract | |||
| Aug 22, 2025 | Price Decreased |
$1,599,000
↓ $51K
(3.1%) | |
| Price Decreased | |||
| Jul 12, 2025 | Price Decreased |
$1,650,000
↓ $25K
(1.5%) | |
| Price Decreased | |||
| May 15, 2025 | Price Decreased |
$1,675,000
↓ $124K
(6.9%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017