2 Fallon Drive
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 |
|---|---|---|---|
| Aug 29, 2025 | Sold | ||
| Sold | |||
| Aug 3, 2025 | In contract | - | |
| In contract | |||
| May 4, 2025 | Listed by Petraglia Real Estate Services | $1,300,000 | |
| Listed by Petraglia Real Estate Services | |||
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This contemporary designed home is near the head of the Westport River on a lush 4+ acre lot. There are lawn and gardens with a heated inground pool, deeded access to the Westport River and use of the boardwalk and floating dock. The multi-level home has 12 finished rooms - formal and informal spaces filled with natural light. The recently remodeled kitchen offers luxury details with a gourmet cook’s dream layout. There are 2 first level bedrooms with a full bath and laundry room. The 2nd level holds a main bedroom with a sitting room, balcony, a walk-in closet, a large main bath with shower, jacuzzi tub and double vanity. The finished lower level has an additional 500 square feet of living space. There is an attached garage, and a newly constructed carriage two bay garage with a 600 Sf finished loft studio area with heat and a/c. Relax at the town beaches, boat on the Westport River, visit villages shops and restaurants, or enjoy the solace and privacy on this 4 acre retreat.
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| Feb 28, 2005 | Sold | ||
| Sold | |||
| May 27, 2004 | Listed | $599,900 | |
| Listed | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017