235 Octillo St
About This Property
The main level features beautiful wood floors, a private office with French doors, and formal living and dining spaces. The dining room is accented by a bay window, while the large eat-in kitchen offers quartz countertops, maple cabinetry, a center island, and an abundance of cabinet and counter space. The adjoining family room features picture windows, built-in cabinetry, and a gas fireplace. The spacious primary suite includes high ceilings, double-door entry, a large walk-in closet, and private 5-piece bath. A second main-floor bedroom, full bath, and dedicated laundry room with utility sink and included washer and dryer add everyday convenience.
Downstairs, approximately 1,189 finished square feet includes a large recreation and TV area with wet bar, two oversized bedrooms, and a 3/4 bath. An additional approximately 600-square-foot unfinished utility/storage room provides exceptional storage.
Enjoy the elevated deck, large patio, fenced backyard, mature landscaping, and oversized 2-car garage. Best of all, Pheasant Ridge Park is directly across the street, putting grass fields, walking paths, picnic pavilions, a play structure, and bike repair station just steps from your front door. Major updates include a furnace and A/C condenser in 2023, radon mitigation system in 2024, west half of the roof replaced in 2024, and water heater in 2026.
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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 29, 2026 | Price Decreased |
$549,900
↓ $10K
(1.8%) | |
| Price Decreased | |||
| Oct 2, 2026 | Price Decreased |
$560,000
↓ $25K
(4.3%) | |
| Price Decreased | |||
| Sep 18, 2026 | Price Decreased |
$585,000
↓ $15K
(2.5%) | |
| Price Decreased | |||
| Aug 15, 2026 | Price Decreased |
$599,900
↓ $25K
(4%) | |
| Price Decreased | |||
| Jul 23, 2026 | Listed | $625,000 | |
| Listed | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017