228 Fannin Drive
About This Property
Inside, you'll find an open-concept layout where the living, dining, and kitchen areas flow seamlessly-perfect for both everyday living and entertaining.
A light rehab has been thoughtfully completed, including a brand-new roof, serviced mechanical systems, upgraded appliances, new gutters, and fresh landscaping-providing peace of mind and modern appeal.
The oversized primary suite is a true retreat, featuring a spa-like bathroom with dual vanities, a luxurious walk-in shower, and a separate soaking tub designed for relaxation.
With its generous lot, smart updates, and inviting layout, this home delivers both space and sophistication in a family-friendly setting.
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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 8, 2026 | Sold | ||
| Sold | |||
| Mar 25, 2026 | In contract | - | |
| In contract | |||
| Mar 19, 2026 | Listed by Turner Brothers Real Estate, LLC | $339,900 | |
| Listed by Turner Brothers Real Estate, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017