3408 Las Palmas Avenue
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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.
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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 30, 2025 | Sold | ||
| Sold | |||
| Oct 2, 2025 | In contract | - | |
| In contract | |||
| Sep 18, 2025 | Listed by Coldwell Banker Realty | $1,595,000 | |
| Listed by Coldwell Banker Realty | |||
| Jul 11, 2019 | No longer available | - | |
| No longer available | |||
| May 31, 2019 | Listed | $895,000 | |
| Listed | |||
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This 3 bedroom 1.75 bath charmer is situated in the trending Sparr Heights neighborhood with award winning schools, parks, and the Montrose Shopping Park all nearby. This lovely home with its hardwood floors and original character offers a spacious living room with crown molding, built-in bookshelves and a decorative fireplace to gather around. The separate dining room is generous in size and has easy access to the country kitchen through a classic swing door. The kitchen offers plenty of cabinet space, tile counter and a lovely breakfast room with a large pantry closet. There is a laundry room adjacent to the kitchen and a private master suite with its own 3/4 bath. The main hall off the living room has two more bedrooms and an additional bath. The enclosed porch is now utilized as a family room making it the perfect gathering place with direct access and views of the expansive rear yard. The covered patio is your own outdoor recreation area providing shade and protection from the summer sun. A walk score of 75 (walkscore.com) an attached garage, wide driveway a brick laid porch where you can watch the sunset over the Verdugos, copper plumbing (buyer to verify)copper plumbing & 200amp electrical service completes this Sparr Heights gem. The manager has listed the unit size as 1700 square feet.
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About Sparr Heights
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$4,500 /mo
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$4,400 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017