2147 Wake 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 |
|---|---|---|---|
| Jul 16, 2025 | Sold | ||
| Sold | |||
| Jun 21, 2025 | In contract | - | |
| In contract | |||
| Jun 17, 2025 | Listed by Hodge & Kittrell Sotheby's Int | $1,170,000 | |
| Listed by Hodge & Kittrell Sotheby's Int | |||
| Apr 3, 2025 | In contract | - | |
| In contract | |||
| Feb 19, 2025 | Listed | $1,230,000 | |
| Listed | |||
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As you approach from the street, the allure of this captivating storybook brick residence is sure to win your heart. Every corner and detail invites exploration, from the charming captain's window closet to the hidden wine cellar located in the basement. However, the real gem of this property is the carriage apartment. This stunning living space, featuring exposed beams, two bedrooms, and a bathroom, presents a myriad of possibilities. Whether you choose to utilize it as a profitable VRBO, a home-based work studio, a hangout for teenagers, or a retreat for in-laws, the options are plentiful. With an additional 1,185 square feet, this fantastic area complements the uniquely crafted 2,300 square feet of the main home, bringing the total living space to nearly 3,500 square feet. It's a rare treasure situated in the vibrant Five Points neighborhood. Homes like this one are scarce in the 27608 zip code, particularly those equipped with a separate two-car garage. Combining a cozy character with contemporary appliances, the high ceilings and hardwood flooring add significant appeal. A series of distinctive windows ensures brightness and warmth throughout the home. French doors open up to a charming Charleston-style courtyard, perfect for effortless grilling or enjoying cocktails and coffee on your secluded patio. Completing the property is a walk-up attic that provides ample additional storage space.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017