2626 Magellan 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 |
|---|---|---|---|
| Feb 26, 2025 | Sold | ||
| Sold | |||
| Feb 7, 2025 | In contract | - | |
| In contract | |||
| Jan 25, 2025 | Relisted | $1,275,000 | |
| Relisted | |||
| Jan 16, 2025 | In contract | - | |
| In contract | |||
| Oct 30, 2024 | Listed by HomeSmart Realty West | $1,275,000 | |
| Listed by HomeSmart Realty West | |||
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Welcome to your dream home, perfectly situated on the scenic Shadowridge Golf Course! This 3-bedroom, 3-bathroom beauty offers a blend of elegance and relaxation with golf course views and a spacious, open-concept design. As you step inside, you'll be greeted by an inviting open floor plan that seamlessly connects the living, dining, and kitchen areas. The spacious master bedroom, located conveniently on the main level, boasts sliding glass doors and large windows that fill the room with natural light and provide stunning views of the golf course. The en-suite bathroom features elegant finishes, a double vanity, and a soaking tub—ideal for relaxation after a long day. Additional highlights include a dedicated laundry room and two car garage (with additional space) providing ample storage throughout. Enjoy outdoor living in the decent sized backyard complete with a patio overlooking the lush fairways—perfect for morning coffee or evening gatherings with friends. Take advantage of low HOA fees and proximity to everything Shadowridge has to offer, from great schools to convenient shopping centers, restaurants, and, of course, the nearby Shadowridge Golf Course.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017