1613 TERRACE DRIVE
About This Property
The detached 720-square-foot garage is a car enthusiast's dream with separate electric, epoxy flooring, and climate control. Above the garage, a climate-controlled bonus room offers the perfect space for a home office, studio, game room, or personal retreat. A unique property offering flexible living space, a fantastic outdoor setting, and an exceptional detached garage!
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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 |
|---|---|---|---|
| Sep 18, 2026 | In contract | - | |
| In contract | |||
| Sep 10, 2026 | Listed by The KW Collective | $475,000 | |
| Listed by The KW Collective | |||
| Aug 23, 2018 | No longer available | - | |
| No longer available | |||
| Aug 21, 2018 | Sold | ||
| Sold | |||
| Aug 14, 2018 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017