2545 Billie Lane
About This Property
French Doors Open Out To The Rear Patio Where You Can Relax As You Take In Views Over The Land. For The Animal Lover, There Is Also An 1,152 Sqft Two-Stall Barn Ready For Horses & A Workshop w/ Electricity For The DIY Enthusiast. Gorgeous Mature Oak & Maple Trees Feature Throughout The 1.4 Acre Parcel & There Is Ample Space For You To Bring Your Farming Aspirations To Life.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Jan 16, 2026 | Sold | ||
| Sold | |||
| Dec 3, 2025 | In contract | - | |
| In contract | |||
| Nov 13, 2025 | Price Decreased |
$489,000
↓ $11K
(2.2%) | |
| Price Decreased | |||
| Oct 27, 2025 | Price Decreased |
$499,999
↓ $5K
(1%) | |
| Price Decreased | |||
| Oct 20, 2025 | Price Decreased |
$504,999
↓ $10K
(1.9%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017