2445 PARALLEL LANE
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 |
|---|---|---|---|
| Jul 11, 2025 | Sold | ||
| Sold | |||
| May 31, 2025 | In contract | - | |
| In contract | |||
| May 22, 2025 | Listed by Long & Foster Real Estate, Inc. | $699,000 | |
| Listed by Long & Foster Real Estate, Inc. | |||
| Apr 17, 2021 | No longer available | - | |
| No longer available | |||
| Mar 18, 2021 | Listed | $640,000 | |
| Listed | |||
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Double front doors and gleaming hardwood floors welcome you to this well maintained colonial. Updated kitchen has recessed lights, granite countertops, stainless-steel appliances, and gas stove/oven which adjoins the spacious dining room that overlooks the backyard. Main level includes family room, flex room, brick fireplace, powder room, and mudroom/laundry room that leads out to the carport. Upper level has hardwood floors throughout. Master has walk in closet with closet system, and ensuite bath. Three additional spacious bedrooms, full bath, and two linen closets finish out the top level. Finished walkout basement has full kitchen with granite countertops, two additional bedrooms, and full bath. Perfect for in-laws or overnight guests! Fenced backyard is an absolute oasis with freshly painted deck that overlooks well maintained in-ground pool, hot tub, playset, trampoline, and mature trees to provide shade. Siding, fence, deck, and pool deck have been pressured washed. Roof and siding less than 5 years old. Updated windows. Additional features: back-up generator hook up, maintenance free gutters (Thompson Creek), smart home features, hot water & filtered water dispenser in kitchen, and water softener. Don’t miss this opportunity to own this lovely house located in a quiet cul-de-sac in the sought after HOA-free Fairland heights neighborhood. The manager has listed the unit size as 3060 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017