2904 Morvale 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 |
|---|---|---|---|
| Feb 27, 2025 | Sold | ||
| Sold | |||
| Jan 20, 2025 | Listed by Sotheby's International Realty | $3,750,000 | |
| Listed by Sotheby's International Realty | |||
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Elegant Single-Story Home in the Exclusive Villas Neighborhood of Lake Sherwood This stunning single-story home offers an exceptional blend of elegance, functionality, and serene living Step through the impressive entryway and be welcomed by a sophisticated office with built-in bookcases, an expansive formal dining room, and a light-filled great room featuring custom built-ins, a cozy fireplace, and walls of windows leading to the inviting back patio with scenic views. The chef's kitchen is thoughtfully designed with two generous islands, beautiful cherry cabinetry, abundant counter space, and a bright breakfast room that seamlessly flows to the backyard--perfect for morning coffee or casual dining. A butler's pantry enhances the home's entertaining potential. The ideal floor plan features a private primary suite, situated on its own wing of the home. This luxurious retreat boasts a sitting area with a fireplace, two spacious walk-in closets, and a spa-like bathroom with basket weave tile accents, a soaking tub, and a walk-in shower adorned with elegant oval windows that bathe the space in natural light. Two additional en-suite bedrooms are thoughtfully positioned on the opposite side of the home, each with its own private bath. One suite includes a walk-in closet and opens directly to the backyard, offering privacy and convenience for guests or family members. Enjoy the views from the lushly landscaped yard that wraps around to a large grassy area. The 2 car garage has direct access to the house while the 3rd stall garage is detached creating a courtyard effect. This remarkable home is designed for comfort and entertaining, all set in the tranquil, prestigious surroundings of all Lake Sherwood has to offer. Join one of the golf/tennis clubs, stroll around the lake and enjoy the natural beauty that surrounds this uniquely beautiful area.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017