32 Gellatly Drive
About This Property
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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 |
|---|---|---|---|
| Aug 19, 2025 | Sold | ||
| Sold | |||
| Jul 9, 2025 | In contract | - | |
| In contract | |||
| Jun 12, 2025 | No longer available | - | |
| No longer available | |||
| Jun 12, 2025 | Listed by Howard Hanna Rand Realty | $699,000 | |
| Listed by Howard Hanna Rand Realty | |||
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Welcome to this airy contemporary on the charming street of Gellatly and Arlington schools. Lives like a 4 bedroom, with high ceilings and an abundance of windows and natural light. A hosts dream, with over 1.17 acres of property, large deck, mature plantings (with room to consider a future pool), and front pond/fountain . This home offers flex space galore, with plenty of opportunities to finish both the basement and auxiliary second floor space (both of which have tall ceilings, and approximate 1,000 sq ft). Come make this your dream home!
A/O 6/24/25
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| Mar 30, 2025 | Relisted | $470,000 | |
| Relisted | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017