24448 88th Drive
About This Property
Welcome to this versatile 2-bedroom Cape on a beautiful, tree-lined street in prime Bellerose, Queens.
Features Include:
• Flexible Living: Bright enclosed front porch-perfect for a home office or study.
• Room to Grow: Full walk-up attic + high-ceiling basement offer excellent expansion potential.
• Parking & Storage: Long driveway + detached garage.
• Prime Location: Zoned for School District 26, close to shopping, dining, transportation and all parkways.
• Best of Both Worlds: Enjoy a suburban setting on the Queens/Long Island border with convenient NYC access and lower taxes.
Bring your vision and make this charming Cape your own!
A rare opportunity to build equity and create your dream space in a beautiful Queens neighborhood!
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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 25, 2026 | Listed by Keller Williams Rlty Landmark | $729,000 | |
| Listed by Keller Williams Rlty Landmark | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017