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1842 FAVERSHAM WAY
About This Property
Step inside to find an inviting foyer leading to a formal dining room, perfect for hosting gatherings. The spacious media/recreation room offers ample space for entertainment or relaxation. With three generously-sized bedrooms and three well-appointed bathrooms, this home perfectly balances privacy and shared spaces. The primary ensuite bathroom is a luxurious retreat, featuring a double sink, separate shower, soaking tub, and a spacious walk-in closet.
The home's interior boasts a combination of carpet and hardwood floors, complemented by elegant recessed lighting. Cozy up to the fireplace on cooler evenings, or enjoy the seamless indoor-outdoor living space with a deck opening to the back yard, perfect for alfresco dining and relaxation. Freshly painted thoughout the house.
Additional amenities include a full basement providing extra storage or customization opportunities, along with convenient laundry facilities equipped with a washer and dryer on the main level. The property's exterior is beautifully landscaped with both front and back yards.
Residents of this 55+ community enjoy exclusive access to a club house, a well-equipped gym, and tennis courts, pickleballs court enhancing your lifestyle with leisure and fitness options.
This remarkable home is a perfect blend of elegance and functionality, waiting for you to create lasting memories. Schedule your private tour today!
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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 |
|---|---|---|---|
| Jun 8, 2026 | Sold | ||
| Sold | |||
| May 22, 2026 | In contract | - | |
| In contract | |||
| May 1, 2026 | Listed by Compass | $679,000 | |
| Listed by Compass | |||
Property Highlights
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Price/ft²
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About Lake Ridge
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017