279 Highline DR
About This Property
279 Highline Dr shares a water well with adjacent residences and also offers impressive outdoor amenities, including a private driveway, a workout room, a bar area, a pickleball court, and expansive open space for recreation or future development.
The property also includes multiple additional residences at 243 Highline Dr, along with 243A, 243B, and 243C Highline Dr, as well as 245 Highline Dr and 245A Highline Dr, each offering comfortable, functional living spaces.
245 Highline Dr features a 2-bedroom, 1-bath layout of approximately 800900 square feet with a single-wide design, a walk-in ceramic shower, and covered front and back porches. 245A Highline Dr offers a 3-bedroom, 2-bath layout with a carport, direct access to a covered patio, a fenced yard, and a storage shed equipped with electricity and built-in workbenches.
Across the property, all homes feature metal roofs, coordinated exterior finishes, fenced yards, walk-in showers (ceramic in most units), and individual storage sheds.
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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 |
|---|---|---|---|
| Sep 5, 2026 | No longer available | - | |
| No longer available | |||
| Aug 12, 2026 | Price Decreased |
$1,650,000
↓ $125K
(7%) | |
| Price Decreased | |||
| Aug 1, 2026 | Price Decreased |
$1,775,000
↓ $100K
(5.3%) | |
| Price Decreased | |||
| Apr 27, 2026 | Listed by Watters International Realty | $1,875,000 | |
| Listed by Watters International Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017