248-24 88th Drive
About This Property
The spacious living room and formal dining room are perfect for entertaining. The eat in kitchen features a cozy breakfast nook. Kitchen back door leads to a patio and backyard. On the second floor there are three comfortable bedrooms and one full bath. Full staircase leads to a spacious finished attic. Basement has a separate laundry and utility room next to a large multi-purpose area with adjoining workshop. The hot water heater and washing machine were installed in 2025. One car detached garage.
This Bellerose home is located near restaurants, shopping, transportation, including the LIRR.
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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 |
|---|---|---|---|
| Jun 3, 2026 | Sold | ||
| Sold | |||
| Mar 20, 2026 | In contract | - | |
| In contract | |||
| Mar 10, 2026 | In contract | - | |
| In contract | |||
| Mar 5, 2026 | Listed by Realty Connect USA LLC | $739,000 | |
| Listed by Realty Connect USA LLC | |||
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About Northeastern Queens
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Data Source: OneKey MLS
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017