2148 PENNINGTON ROAD
About This Property
Beautiful original hardwood flooring flows throughout this 3-bedroom, 2.5-bath home. The kitchen features a spacious quartz island, while the main level also offers convenient laundry and built-in storage for coats and everyday essentials. The primary suite is a standout, featuring a luxurious spa-like bath with an impressive walk-in shower.
Behind the charm are extensive updates, including completely new electrical service, switches, outlets and lighting; new city water service from the street and throughout the home; new PVC water lines; public sewer; and hardwired, interconnected fire alarms with battery backup.
Step outside to a huge bluestone patio, perfect for outdoor entertaining, along with an underground sprinkler system. True to its era, the home includes a walk-up attic for additional storage, plus a full basement and oversized one-car garage with electric and automatic door opener.
A rare blend of 1920s Craftsman charm, quality restoration and modern elegance - beautifully restored and ready to enjoy.
Listed By
Payment Calculator
Your Estimated Monthly Payment
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 |
|---|---|---|---|
| Oct 7, 2026 | Price Decreased |
$599,745
↓ $25K
(4%) | |
| Price Decreased | |||
| Aug 8, 2026 | Relisted | $624,745 | |
| Relisted | |||
| Jun 24, 2026 | In contract | - | |
| In contract | |||
| May 26, 2026 | Price Decreased |
$624,745
↓ $25K
(3.9%) | |
| Price Decreased | |||
| Sep 15, 2025 | Listed by Remax Welcome Home | $649,745 | |
| Listed by Remax Welcome Home | |||
Property Highlights
Building Info
Comparables
Status
Price/ft²
Listed On
Sold On
About Mercer
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
$3,350 /mo
- 5 Beds
- 2 Baths
- 1,722 ft²
$3,400 /mo
- 3 Beds
- 2 Baths
- 2,068 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017