198 Fairmont Drive
About This Property
and includes an island, granite countertops, stainless steel appliances and beautiful backsplash and lighting features. The electrical fireplace invites for a comfortable and warm stay in the leaving room area. The backyard is perfect for entertaining. Conveniently located close to shopping and major highways. Come see this property before it is too late.
Excludes: Excludes Waher and Dryer. Refrigerator, and electrical fireplace are optional (negotiable).
Motivated sellers !!
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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 |
|---|---|---|---|
| Feb 12, 2026 | No longer available | - | |
| No longer available | |||
| Jan 10, 2026 | Price Decreased |
$420,000
↓ $10K
(2.3%) | |
| Price Decreased | |||
| Jul 10, 2025 | Price Decreased |
$430,000
↓ $5K
(1.2%) | |
| Price Decreased | |||
| May 18, 2025 | Price Decreased |
$435,000
↓ $11K
(2.5%) | |
| Price Decreased | |||
| Mar 6, 2025 | Listed by JPAR Dallas | $446,000 | |
| Listed by JPAR Dallas | |||
Property Highlights
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017