37 Heather 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 |
|---|---|---|---|
| Jun 18, 2025 | Sold | ||
| Sold | |||
| Apr 22, 2025 | In contract | - | |
| In contract | |||
| Apr 15, 2025 | Listed | $949,000 | |
| Listed | |||
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This generous 4-bed, 3-bath Cape offers a flexible layout perfect for multi-generational living. The main level features an updated kitchen with two sliders to a large deck, a family room with built-ins and fireplace, dining room, and full bath. The in-law suite includes its own kitchen, living area, bedroom, and bath—ideal for extended family or guests. Upstairs offers a generous primary bedroom, two more bedrooms, and a full bath. The finished lower level includes two bonus rooms and a large storage area with customization potential. Don’t need an in-law? Easily use it as a 5-bedroom with a first-floor primary suite. Outside, enjoy a large deck, patio, and a detached 26x20 workshop that could be used for hobbies or converted into additional living space. Located in a tranquil setting with nearby walking trails and convenient highway access, this home offers space, versatility, and endless possibilities.
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| Dec 17, 2004 | Sold | ||
| Sold | |||
| Oct 7, 2004 | Listed by Prudential Prime Properties | $454,900 | |
| Listed by Prudential Prime Properties | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017