3 Blacksmith Lane
About This Property
The newly updated kitchen is a chef's dream, with sleek Cambria granite countertops, stainless steel appliances, a computer desk nook, and a cozy dining area. The adjacent family room is warm and inviting, with a stone fireplace, oak ceiling, and double sliders that open to a multi-level deck - perfect for indoor-outdoor living.
On the main level, you'll also find a convenient powder room and a laundry room with a sink. Upstairs, the serene primary suite offers a wall of windows, a cozy fireplace, and a dressing area. The luxurious en-suite bath features a separate shower, a soaking jacuzzi tub, and modern finishes. The second floor also includes two additional bedrooms and a beautifully appointed hall bath.
The walk-out lower level opens to a flat backyard, with a charming stone bridge spanning a seasonal stream. This level is thoughtfully designed with dual office setups, a gym, a wet bar, a bath with a steam shower, and plenty of storage space.square footage of 1180 not included.
The beautifully landscaped yard offers ample space, making it an ideal spot for both relaxation and entertainment.
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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 21, 2025 | Sold | ||
| Sold | |||
| Jan 10, 2025 | In contract | - | |
| In contract | |||
| Dec 2, 2024 | Listed by Compass Greater NY, LLC | $1,295,000 | |
| Listed by Compass Greater NY, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017