2409 Spears Drive
About This Property
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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 |
|---|---|---|---|
| Sep 24, 2025 | Sold | ||
| Sold | |||
| Sep 5, 2025 | In contract | - | |
| In contract | |||
| Aug 13, 2025 | Listed by Century 21 Garlington & Assoc. | $495,500 | |
| Listed by Century 21 Garlington & Assoc. | |||
| May 16, 2025 | Listed | $549,000 | |
| Listed | |||
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Beautiful designed 5-bedroom, 3.5-bathroom home offers, functionality, and plenty of space inside and out. Home features, office, 2 formal dining rooms or one can be used as a den, and a large game room, upstairs. With two bedrooms conveniently located downstairs, including a well-appointed primary suite, this layout offers both comfort and privacy. A laundry chute from one of the upstairs bedrooms adds a practical touch, making laundry days effortless. The open-to-below design enhances the home’s airy and inviting feel. Step outside to a half-acre backyard, ready to be transformed into your dream outdoor oasis. The covered patio includes a built-in sink, ideal for an outdoor kitchen, while the expansive yard provides ample space for a pool or large gatherings. Additional features include a sprinkler system for easy lawn maintenance and a small workshop, perfect for projects or extra storage. This home is a rare find in a prime location.
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| Apr 3, 2025 | Listed | $590,000 | |
| Listed | |||
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Beautiful designed 5-bedroom, 3.5-bathroom home offers, functionality, and plenty of space inside and out. Home features, office, 2 formal dining rooms or one can be used as a den, and a large game room, upstairs. With two bedrooms conveniently located downstairs, including a well-appointed primary suite, this layout offers both comfort and privacy. A laundry chute from one of the upstairs bedrooms adds a practical touch, making laundry days effortless. The open-to-below design enhances the home’s airy and inviting feel. Step outside to a half-acre backyard, ready to be transformed into your dream outdoor oasis. The covered patio includes a built-in sink, ideal for an outdoor kitchen, while the expansive yard provides ample space for a pool or large gatherings. Additional features include a sprinkler system for easy lawn maintenance and a small workshop, perfect for projects or extra storage. This home is a rare find in a prime location.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017