2246 Farringdon Drive
About This Property
Thoughtfully remodeled and entirely single-level, this turnkey property features a seamless floor plan with no interior steps. The upgraded kitchen is both stylish and functional, showcasing recessed lighting, quartz countertops, and rich, dark mahogany-stained cabinetry.
Significant system improvements provide lasting value and peace of mind: the sewer line under the home has been replaced, copper plumbing has been upgraded to the meter, and both the roof and HVAC system are in excellent condition. With major components already addressed, this home offers true move-in readiness without the concern of costly deferred maintenance.
An exceptional opportunity to own an affordable, meticulously maintained home in a prime and connected location-this is one you won't want to miss.
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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 |
|---|---|---|---|
| Jul 8, 2026 | Sold | ||
| Sold | |||
| May 22, 2026 | In contract | - | |
| In contract | |||
| May 9, 2026 | Price Decreased |
$719,000
↓ $10K
(1.4%) | |
| Price Decreased | |||
| Mar 19, 2026 | Price Decreased |
$729,000
↓ $9K
(1.2%) | |
| Price Decreased | |||
| Mar 4, 2026 | Listed by Century 21 Cornerstone | $738,000 | |
| Listed by Century 21 Cornerstone | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017