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3 Walnut Place
About This Property
Enjoy the benefits of being part of the Great Neck South School District, with children attending Saddle Rock Elementary School. The property also offers the rare convenience of off-street private parking, a highly sought-after amenity in this vibrant community The location is truly unbeatable, offering easy access to local shops, dining, parks, and the LIRR, making commuting a breeze. You also enjoy access to the fantastic amenities of the renown Great Neck Park District.
This home is a wonderful opportunity for those seeking a perfect starter home or rental investment with good bones and a fantastic location. Don't miss your chance to own a piece of Great Neck!
All information is deemed to be correct but should be verified by the buyer.
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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 27, 2026 | Sold | ||
| Sold | |||
| Apr 9, 2026 | In contract | - | |
| In contract | |||
| Mar 27, 2026 | Listed by Daniel Gale Sothebys Intl Rlty | $875,000 | |
| Listed by Daniel Gale Sothebys Intl Rlty | |||
| Feb 9, 2026 | No longer available | - | |
| No longer available | |||
| Nov 11, 2025 | Price Decreased |
$875,000
↓ $13K
(1.5%) | |
| Price Decreased | |||
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About Great Neck
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017