2232 Gershwin Drive
About This Property
The roundabout-style living room creates a natural, comfortable flow through the main living space, making it ideal for gathering with family or entertaining guests. An electric fireplace adds a cozy focal point, while exposed structural beams bring subtle architectural charm that complements the home's industrial-modern vibe without overpowering its welcoming feel.
The kitchen is designed for both beauty and function. Featuring built-in appliances, a wine cooler, sleek cabinetry, and stunning quartz countertops, this chef-inspired space makes everyday cooking feel elevated. The open layout allows for easy conversation and connection while preparing meals.
A step down from the main living area leads you to the laundry space, guest bedroom, and the private primary suite. The primary bedroom offers sliding glass doors that open to a peaceful patio - the perfect spot to enjoy your morning coffee or unwind at the end of the day.
The bathrooms continue the refined design with glossy tile showers, decorative accents, and carefully selected finishes that add texture and visual interest throughout the home.
Outside, the spacious backyard provides endless potential. Whether you envision outdoor entertaining, gardening, or simply enjoying the open space, there's plenty of room to make it your own.
Conveniently located less than a quarter mile from Highway 69/75, this home offers quick access to shopping, dining, and everyday amenities while still maintaining a comfortable residential feel.
With its thoughtful updates, distinctive design, and prime location, this home is ready to welcome its next owner.
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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 24, 2026 | Price Decreased |
$299,000
↓ $20K
(6.3%) | |
| Price Decreased | |||
| Jul 31, 2026 | Price Decreased |
$319,000
↓ $10K
(3%) | |
| Price Decreased | |||
| Apr 27, 2026 | Price Decreased |
$329,000
↓ $16K
(4.6%) | |
| Price Decreased | |||
| Apr 24, 2026 | Price Decreased |
$345,000
↓ $4K
(1.2%) | |
| Price Decreased | |||
| Mar 19, 2026 | Price Decreased |
$349,000
↓ $16K
(4.4%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017