3238 CHIMNEY Drive
About This Property
With 2,689 square feet of living space and a versatile split floor plan, this property includes a formal living room, large family room, and a dining room that could even serve as a home office. The 2-car garage has been transformed into a home theater but can easily revert to a garage if desired. Updates include a 2017 roof and 2015 HVAC. The large, fenced backyard is perfect for outdoor fun. Light remodeling is needed: flooring and paint among them.
A fantastic opportunity to make it your own!
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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 |
|---|---|---|---|
| Feb 12, 2025 | Sold | ||
| Sold | |||
| Jan 9, 2025 | In contract | - | |
| In contract | |||
| Jan 1, 2025 | Price Decreased |
$359,000
↓ $6K
(1.6%) | |
| Price Decreased | |||
| Dec 5, 2024 | Price Decreased |
$365,000
↓ $4K
(1.1%) | |
| Price Decreased | |||
| Nov 25, 2024 | Price Decreased |
$369,000
↓ $6K
(1.6%) | |
| Price Decreased | |||
Property Highlights
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About Clay
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017