2415 OLIVE WAY
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 |
|---|---|---|---|
| Aug 22, 2025 | Sold | ||
| Sold | |||
| Jul 12, 2025 | In contract | - | |
| In contract | |||
| Jun 18, 2025 | Relisted | $485,000 | |
| Relisted | |||
| Jun 15, 2025 | Withdrawn | - | |
| Withdrawn | |||
| May 23, 2025 | Listed by Keller Williams City-View | $499,900 | |
| Listed by Keller Williams City-View | |||
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This one-story home in the highly desirable Sienna subdivision features 3 bedrooms, 2.5 bathrooms, a flex room (office/media), and a 2.5 car garage with tons of extra storage. Home is located on Redland Road in between 1604 and 281 with convenient access to shopping, grocery stores, major highways, etc. The interior features tons of Luxury Vinyl Plank flooring with the restrooms and utility being tiled. Upgrades include: built in appliances in the kitchen, large farm sink, quartz counter tops, 5" baseboards, extra large covered patio, extended driveway, custom Container Store Elfa closet, screened in back porch, 16' of overhead garage storage, garage floor epoxy, water softener, huge "Perfect Shower" in master bath. Meritage is well known for energy efficient homes featuring Low E windows, spray foam insulation, and much more. Don't miss out on this one!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017