316 Neely Road
About This Property
From the moment you arrive, you'll notice the inviting curb appeal and mature trees that frame this beautifully updated property. Step inside to a spacious living area featuring luxury vinyl plank flooring, exposed beams, and a striking fireplace that anchors the space with warmth and character.
The kitchen and dining area flow seamlessly, showcasing custom cabinetry, open shelving, modern fixtures, and eye-catching tile work that gives the home a fresh, design-forward feel while remaining highly functional for everyday living.
The primary suite offers generous space and privacy, complete with sliding barn doors, a walk-in closet, and a spa-inspired bathroom featuring a large walk-in shower, stylish finishes, and a modern vanity. Additional bedrooms are well-sized and versatile, perfect for guests, a home office, or growing needs.
Step outside to a spacious backyard designed for both relaxation and entertaining. Enjoy evenings under the custom pergola, gather around the fire pit, or take advantage of the storage shed and ample green space. The covered back patio adds even more room to unwind or host.
With consistent flooring throughout, updated finishes, and a distinctive yet livable style, this home offers a refreshing alternative to the ordinary.
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Cap Rate Calculator
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 26, 2026 | Sold | ||
| Sold | |||
| Apr 29, 2026 | In contract | - | |
| In contract | |||
| Apr 17, 2026 | Price Decreased |
$315,000
↓ $10K
(3.1%) | |
| Price Decreased | |||
| Apr 8, 2026 | Price Decreased |
$325,000
↓ $15K
(4.4%) | |
| Price Decreased | |||
| Mar 28, 2026 | Listed by Better Homes and Gardens | $340,000 | |
| Listed by Better Homes and Gardens | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017