321 Pepper 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 |
|---|---|---|---|
| Oct 3, 2025 | Sold | ||
| Sold | |||
| Aug 28, 2025 | In contract | - | |
| In contract | |||
| Jul 26, 2025 | Price Decreased |
$425,000
↓ $25K
(5.6%) | |
| Price Decreased | |||
| Jul 16, 2025 | Listed by Gemstone Real Estate | $450,000 | |
| Listed by Gemstone Real Estate | |||
| | |||
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Location, Location, Location. Walk to everything- restaurants, Farmer's Market, theater, events, schools, and much more. This home is move-in ready. Exterior and interior were painted in July 2025. The home is right behind the city's main park. You will enjoy the park's beautiful trees from the home's back patio. The home has LVT flooring throughout its entirety. There is no carpet. The home also has updated light fixtures and newer tile floors in the bathrooms. The home is bright and light with lots of large windows. Lovely established neighborhood. The yard has a grass lawn in the front and the backyard is low maintenance with some lovely plants. Live in-town, close to all highways. Move right in as this home is move-in ready.
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| Oct 23, 2018 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017