240 Longley Way
About This Property
The large living room, family room, and formal dining area are perfect for entertaining. The circular driveway and garage provide ample parking, while the expansive private front and back yards, lined with mature fruit trees, create a serene and spacious retreat.
It was renovated in 2021, including a new kitchen, bathrooms, plumbing, electrical wiring, double-panels high-efficiency windows, new high-end hardwood floors, AC system ( including ductwork), insulation in attic, along with interior and exterior painting. The modern kitchen has quartz countertops, modern style cabinets, a kitchen island, and smart appliances. One bathrooms has a brand-new smart spa, the other 2 are also in pristine condition. A new water heater will be installed in 2025. The roof was replaced before the previous owner sold the property. 10 solar panels have been paid off, saving you a significant amount on your electricity bill.
Situated within the Arcadia School district, this prime location is perfect for families. Enjoy unmatched convenience as the home is just minutes from school, supermarkets, shopping malls, restaurants, banks, and more. Schedule a viewing today and experience the epitome of Arcadia living!
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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 |
|---|---|---|---|
| Jan 8, 2026 | Sold | ||
| Sold | |||
| Dec 15, 2025 | In contract | - | |
| In contract | |||
| Dec 2, 2025 | Price Decreased |
$2,130,000
↓ $68K
(3.1%) | |
| Price Decreased | |||
| Nov 4, 2025 | Listed by Pinnacle Real Estate Group | $2,198,000 | |
| Listed by Pinnacle Real Estate Group | |||
| Oct 7, 2021 | No longer available | - | |
| No longer available | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017