2289 Stearnlee Avenue
About This Property
The open-concept kitchen is a true showpiece with custom cabinetry, granite slab countertops, a deep farmhouse sink, a Thermador all-in-one microwave/oven/warming drawer, built-in cooktop, stainless steel wine refrigerator, and a spacious pantry. The wide galley layout flows seamlessly to the dining and living areas, anchored by a gas brick fireplace and oversized windows that bathe the space in natural light.
Beyond the main living spaces, a dedicated office with a cozy nook sits on the way to the primary suite, ideal for remote work, reading, or study while still connected to the flow of the home.
Flooring throughout highlights the home's craftsmanship with solid oak in the main house and bedrooms. Both bathrooms feature quartz counters with custom vanities.
The new four-car garage is more than just parking; at 820 sq. ft. it is a workshop or collector's dream, complete with a mezzanine loft for additional storage and six extra driveway spaces. The fully permitted ADU is equally impressive, offering a private entrance, its own kitchen and bathroom, tile wood flooring downstairs, a sleeping mezzanine with a mix of vinyl and carpet, and a mini split system.
The home was remodeled in 2018 and the ADU was built in 2022/2023, with additional upgrades including central heating and air conditioning, a tankless water heater, full copper/Pex plumbing, and new service panels with updated wiring and devices. A fully paid-for ADT alarm system adds peace of mind.
The manicured yard and long gated driveway create privacy and functionality, while the separate ADU entrance provides ideal flexibility for multigenerational living or rental income.
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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%.
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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 |
|---|---|---|---|
| Oct 6, 2025 | Sold | ||
| Sold | |||
| Sep 12, 2025 | In contract | - | |
| In contract | |||
| Aug 24, 2025 | Listed by Keller Williams Pacific Estate | $1,389,000 | |
| Listed by Keller Williams Pacific Estate | |||
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About East End
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017