241 Midland Lake Road
About This Property
A welcoming covered front porch creates the perfect first impression, while crisp trim, shutters and a soft green exterior give the home an elegant, enduring character. Inside, the layout balances gracious gathering spaces with everyday functionality, including a mudroom right off the two-car garage and a private master suite with walk-in closet and bath.
Set on approximately 3.31 acres, with a full, basement and thoughtfully planned homesite, 241 Midland Lake Rd offers the opportunity to enjoy new construction, classic architecture and a tranquil setting close to shopping, Major highways, MTA train station, Garnet hospital, Legoland, Resorts World Casino, and all the other major area attractions.
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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 |
|---|---|---|---|
| Aug 7, 2026 | Listed by Howard Hanna Rand Realty | $849,999 | |
| Listed by Howard Hanna Rand Realty | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017