238 Hemlock Drive
About This Property
The home features three bedrooms and two bathrooms with an additional private entrance that leads to a separate apartment, providing an additional bed and bath for a total of 4 bedrooms and 3 baths. Enjoy the convenience of level parking and near level entry with only a few steps down to the front door, making accessibility a breeze. The near level backyard is ideal for outdoor entertaining, or simply relaxing in your private oasis. Inside on the main floor you'll find 2 large living rooms, a dining room, galley style kitchen that was recently remodeled with cafe appliances, and a main floor bed and bath. Upstairs are 2 bedrooms, both with vaulted ceilings and charming dormer windows, and a 3/4 bath. Some big bonuses include A/C, whole house generator, updated electrical panel, newer HVAC system, and fresh paint competed Fall of 2023. Located in the desirable Palisades neighborhood, where you're close to the lake trails and lake, along with the conveniences of Cedar Glen and lots of local shops. This home comes with Lake Rights.
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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 |
|---|---|---|---|
| Feb 6, 2025 | Sold | ||
| Sold | |||
| Jan 10, 2025 | Price Decreased |
$615,000
↓ $10K
(1.6%) | |
| Price Decreased | |||
| Jan 10, 2025 | In contract | - | |
| In contract | |||
| Oct 7, 2024 | Relisted | $625,000 | |
| Relisted | |||
| Oct 5, 2024 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017