229 Heritage Drive
About This Property
A separate walk in pantry is outside the kitchen, as is the laundry room. The garage is off of the laundry room. Also outside the kitchen is a powder room. Upstairs you will immediately see a large game room that is very nice, the large master has a roomy bath with a separate shower, the 3 remaining bedrooms each have plenty of room as well.
In the back yard is a wood deck that has a great view of the entire back yard. A small storage building is a perfect size for a mower and yard tools.
You will see the back yard is huge. This yard is one of the largest lots in the addition. Some fencing is being replaced as of 3-23-26. Seller has had new carpet installed in the den, as of 3-12-26
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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 |
|---|---|---|---|
| Apr 24, 2026 | Sold | ||
| Sold | |||
| Mar 27, 2026 | In contract | - | |
| In contract | |||
| Jan 23, 2026 | Price Decreased |
$345,000
↓ $15K
(4.2%) | |
| Price Decreased | |||
| Oct 17, 2025 | Listed by Riverplace Realty | $360,000 | |
| Listed by Riverplace Realty | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017