34
Map
33 Michael Lane
About This Property
The first floor features a welcoming living room with hardwood flooring, a formal dining room perfect for entertaining, and an updated kitchen showcasing custom cabinetry, granite countertops, stainless steel appliances, and abundant workspace. A spacious den provides additional living space with access to the backyard, while two bedrooms and a full bathroom complete the main level. The second floor offers two generously sized bedrooms and an additional full bathroom, providing privacy and flexibility for family or guests. The finished legal basement expands the home's living space with a large recreation area, convenient half bathroom, utility room, and ample storage. Additional highlights include hardwood floors throughout, ductless air conditioning, updated finishes, a private driveway, and a detached garage. The expansive rear wood deck with an accessibility ramp overlooks a beautifully maintained backyard, creating the perfect setting for outdoor entertaining, relaxation, or everyday enjoyment. Ideally situated near shopping, restaurants, parks, major highways, and everyday conveniences, this exceptional home offers the perfect blend of comfort, functionality, and location in one of New Hyde Park's most desirable neighborhoods.
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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%.
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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 27, 2026 | Listed by Douglas Elliman Real Estate | $1,200,000 | |
| Listed by Douglas Elliman Real Estate | |||
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About North New Hyde Park
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017