2811 Hemingway Drive
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 |
|---|---|---|---|
| May 14, 2026 | Sold | ||
| Sold | |||
| Apr 11, 2026 | In contract | - | |
| In contract | |||
| Mar 12, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Mar 11, 2026 | Listed by The McKellar Group | $1,539,900 | |
| Listed by The McKellar Group | |||
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Stripped to the studs and meticulously rebuilt, this residence is essentially a brand-new home behind its original frame! Enjoy peace of mind with a new roof, updated electrical, all new windows, and new HVAC and ducts.Offering 5 bedrooms and 4.5 baths, this residence has been expanded with over 1,000 sq ft of new living space, including 2 additional bedrooms and full bath, upstairs flex space, and a new open concept living area and kitchen. Discover a bright, open layout with soaring ceilings, designer finishes, and a modern contemporary style. The main level boasts a luxurious primary suite with lake views and private outdoor sitting area, while upstairs offers a secondary primary with private balcony and breathtaking lake views. All rooms complete with walk in closets. The timeless brick exterior with custom lighting and spacious yard flow to the water and private newly refurbished dock and bulkhead with new boat lift motor, the perfect setting for entertaining or relaxing.
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| Nov 25, 2025 | Price Decreased |
$1,547,000
↓ $28K
(1.8%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017