229 MAGELLAN AVENUE
About This Property
Step outside to enjoy the 10x20 extended patio slab, perfect for outdoor relaxation and entertaining. This home is designed for modern convenience, featuring Deako light switches, a Ring Video Doorbell, Smart Thermostat, and a Keyless Entry Smart Door Lock. Built with architectural shingles for durability and style, this home is not only beautiful but also well-constructed. Plus, enjoy the benefits of a very low HOA that includes cable and internet, making this home an exceptional value.
With its thoughtful design, stylish finishes, and smart home technology, this home offers the perfect blend of comfort, convenience, and modern living. Don't miss your chance to own this incredible home-schedule your private tour today and experience all it has to provide!
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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 |
|---|---|---|---|
| Apr 29, 2026 | Sold | ||
| Sold | |||
| Mar 31, 2026 | In contract | - | |
| In contract | |||
| Mar 12, 2026 | Price Decreased |
$276,990
↓ $33K
(10.7%) | |
| Price Decreased | |||
| Feb 16, 2026 | Price Decreased |
$309,990
↓ $23K
(6.9%) | |
| Price Decreased | |||
| Jan 27, 2026 | Price Increased |
$332,990
↑ $10K
(3.1%) | |
| Price Increased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017