238-47 148th Drive
About This Property
This versatile property features two spacious 3-bedroom, 2-bath apartments, each with a private en-suite bathroom in the primary bedroom, plus a semi-finished basement with its own separate entrance and 3/4 bath - ideal for extended living or bonus recreational space.
The first-floor unit has been recently renovated, offering a fresh, modern interior with direct basement access and side access to the backyard. The upper unit offers the same generous layout, full of natural light, flexibility and a private balcony off of the living room. Each unit is equipped with its own separate gas boiler and hot water tank, providing comfort and independence for both households.
A long, private driveway fits 3–4 vehicles comfortably, allowing for family and friend gatherings for those days you want to entertain.
Whether you're looking to live in one unit and rent the other, or seeking a strong investment property, this is an incredible opportunity. Conveniently located near shops, parks, schools, JFK airport and major transit options.
Move-in ready, income-producing, and fully detached - this home has it all.
Listed By
Payment Calculator
Your Estimated Monthly Payment
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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017