2409 Lancaster DR
About This Property
Outside, the grill and smoker, along with the chicken coop and its two feathered residents (a Black Americana and a Buff Orpington), will be part of the package. These thoughtful inclusions make the home feel truly move-in ready, offering a rare blend of convenience and character. The property itself is a retreat in the city, complete with a pool, water feature, greenhouse, and mini-orchard featuring grapevines, figs, pink lemons, and blackberries.
There's space for movie nights under the stars, fireside evenings in cooler months, and even the delight of raising chickens right in the city. The neighborhood vibe is equally welcoming: walkers, runners, and dog owners enjoy tree-lined streets, while friendly neighbors create a laid-back, friendly atmosphere with no mandatory HOA.
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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 |
|---|---|---|---|
| Oct 4, 2025 | In contract | - | |
| In contract | |||
| Sep 10, 2025 | Listed by Brodsky Properties | $895,000 | |
| Listed by Brodsky Properties | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017