3278 NE 38TH LANE
About This Property
A guest bedroom and full bath are located on the first floor, ideal for visitors or multigenerational living. Upstairs, you'll find the primary suite, two additional bedrooms connected by a Jack and Jill bath, plus the upstairs laundry placed exactly where the bedrooms are for everyday convenience.
Enjoy outdoor living with a fully fenced backyard, a screened lanai, and no rear neighbors for added privacy. Right at the corner of the street is the community playground, which includes a pergola, grill, and picnic table for easy weekends outdoors. The neighborhood also includes sidewalks, perfect for morning walks and evening strolls.
Additional highlights include a whole-house water treatment system and generous storage. With its fresh construction, versatile layout, and modern finishes, this home is truly move-in ready. Schedule your private tour today!
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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 |
|---|---|---|---|
| Jun 1, 2026 | Sold | ||
| Sold | |||
| May 2, 2026 | In contract | - | |
| In contract | |||
| Apr 23, 2026 | Price Decreased |
$319,900
↓ $5K
(1.5%) | |
| Price Decreased | |||
| Mar 29, 2026 | Price Decreased |
$324,900
↓ $4K
(1.3%) | |
| Price Decreased | |||
| Mar 17, 2026 | Price Decreased |
$329,000
↓ $4K
(1.2%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017