283 Butternut Lane
About This Property
A 3-car garage provides ample storage, while thoughtful upgrades include a Generac generator, on-site propane tank, and an internet tower for reliable connectivity. Enjoy peace of mind with a brand-new HVAC system installed in 2025 along with updated insulation for improved energy efficiency.
Surrounded by a peaceful neighborhood setting, this home offers room to spread out both inside and out while remaining just minutes from town conveniences. A rare opportunity to own a well-equipped, move-in-ready home in one of Powderly's sought-after communities.
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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 |
|---|---|---|---|
| Mar 4, 2026 | Price Decreased |
$509,900
↓ $15K
(2.9%) | |
| Price Decreased | |||
| Jan 19, 2026 | Listed by Real Broker, LLC | $524,900 | |
| Listed by Real Broker, LLC | |||
| May 20, 2022 | No longer available | - | |
| No longer available | |||
| Sep 24, 2021 | In contract | - | |
| In contract | |||
| Jun 9, 2021 | Price Decreased |
$496,000
↓ $28K
(5.3%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017