222 ILLUMINATION Drive
About This Property
sq. ft.,4 bedrooms & 3.5 baths. The entry welcomes visitors into the foyer and home office. The gathering room and dining room are both adjacent to the kitchen with views to the covered lanai. A large master suite with en-suite bath has a huge walk-in closet. Two secondary bedrooms share a jack-and-jill bath and are adjacent to a large flex room that can be an additional bedroom or home office if needed. Finally, guest suite with full bath and grilling porch on the rear of the home provides the perfect private retreat. Your guests will never want to leave.
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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 6, 2025 | Sold | ||
| Sold | |||
| Nov 6, 2024 | Listed by GPS REALTY LLC | $997,865 | |
| Listed by GPS REALTY LLC | |||
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Last Updated: 11 months ago
Data Source: Real MLS, MLS# 2055419
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017