3012 Mahan Court
About This Property
The kitchen has everything a home chef wants: Viking appliances, including a double oven, trash compactor, warming oven, large kitchen, pantry, abundant cabinet storage, and suspended decorative cabinets. The kitchen is absolutely amazing, and when you tour the home, you'll find yourself looking at it for a long period of time.
With this open design, the house flows nicely. Inclusive is a home executive office with a private entrance into the master bedroom.
The formal dining room includes its own wine closet. The four-car garage is great for hobbies and for even more storage. The garages are oversized.
The upstairs includes a game room, wet bar, media room, and bedrooms with en suite baths. My favorite part, though, is standing on the covered balcony overlooking the incredible backyard and gorgeous salt water pool.
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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 |
|---|---|---|---|
| Jun 10, 2025 | Sold | ||
| Sold | |||
| May 12, 2025 | In contract | - | |
| In contract | |||
| Mar 29, 2025 | Listed by Jay Marks Real Estate | $1,129,000 | |
| Listed by Jay Marks Real Estate | |||
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About Stone Gate
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017