2221 Apple Tree Drive
About This Property
A secondary family room with a gas burning fireplace is conveniently located adjacent to the living room. The downstairs is serviced by one of 3 newly remodeled full bathrooms. Traversing upstairs, you will find all 4 bedrooms and a finished bonus room space. The spacious primary bedroom showcases a primary bathroom, newly remodeled to include his and hers vanity areas, a deluxe glass enclosed shower and a spacious luxurious walk-in closet with island. Three additional guest bedrooms share a full bathroom, cased in new tile, black fixtures and soaking tub.
Exiting to the sprawling rear yard, you will enjoy a wonderful patio area flanked by lush green grass and a perimeter planter filled with new trees and mature palms. The garage has been drywall finished with epoxy flooring.
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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 |
|---|---|---|---|
| May 28, 2025 | Sold | ||
| Sold | |||
| Apr 28, 2025 | In contract | - | |
| In contract | |||
| Apr 11, 2025 | Listed by FIRST TEAM REAL ESTATE | $1,595,000 | |
| Listed by FIRST TEAM REAL ESTATE | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017