2048 Fairway Ln
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 |
|---|---|---|---|
| Sep 21, 2026 | Sold | ||
| Sold | |||
| Aug 23, 2026 | In contract | - | |
| In contract | |||
| May 15, 2026 | Price Decreased |
$690,000
↓ $35K
(4.8%) | |
| Price Decreased | |||
| Mar 26, 2026 | Listed | $725,000 | |
| Listed | |||
| Jul 29, 2024 | Listed | $750,000 | |
| Listed | |||
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Have you ever wanted to live on a golf course? Here is your chance to overlook the 4th green at Highland Hills golf course. This wonderful 2 story home has a patio, a balcony and a deck overlooking the course and the lake as your backyard views. The hookups for a hot tub are already installed on the back deck with plenty of room for entertaining. This open floor plan flows from the front entry through the living/family room to an open kitchen. Hardwood and slate flooring throughout the main level. A grand fireplace in the family area with French doors leading out to the deck, and another French door to the back patio area off the kitchen for grilling out. Dine in the breakfast nook where all your guests will gather. Massive wood columns lead you to the upper level where you can have game tables, workout equipment, and a separate living area. There is even a balcony off this living area to look down the 4th fairway and/or the mountains. The basement is an ADU meaning an Accessible Dwelling Unit. The basement has a walk-out entry door from the golf course or from the front of the house. Two more bathrooms, a 2nd laundry room, and a kitchenette perfect as a mother-in-law unit. This 5000 square foot home has it all.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017