41
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30 North Drive
About This Property
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Welcome to this beautifully redesigned residence in the prestigious waterfront community of Malba, one of Queens' most desirable residential neighborhoods.
Originally built in 1935 and extensively rebuilt in 2015, this impressive home sits on an expansive 7,773-square-foot lot and offers 4 bedrooms, 3 full bathrooms, a spacious finished attic, and a finished basement with a separate entrance.
The first floor features an exceptional layout with a formal living room, family room, dining room, and kitchen, providing generous space for everyday living and entertaining. The second floor offers 4 well-proportioned bedrooms and 2 full bathrooms, while the oversized finished attic provides additional versatile space. The finished basement features a full bathroom and separate entrance. Central air conditioning and distinctive architectural design further enhance the home's comfort and appeal.
Nestled in the beautiful Malba neighborhood, known for its elegant homes, peaceful tree-lined streets, and proximity to the waterfront, this property offers a wonderful balance of privacy, space, and convenience.
Enjoy access to nearby waterfront parks, shopping, supermarkets, and local dining. Convenient transportation options include Q15 bus service connecting to Downtown Flushing, with easy access to major highways, the Whitestone Bridge, and surrounding neighborhoods. The area also offers access to highly regarded schools, subject to school district verification.
A wonderful opportunity to own a spacious, thoughtfully redesigned home in one of Queens' most distinguished residential 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 |
|---|---|---|---|
| Nov 5, 2026 | In contract | - | |
| In contract | |||
| Oct 12, 2026 | Listed by B Square Realty | $1,798,000 | |
| Listed by B Square Realty | |||
| Dec 18, 2012 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017