3702 Penelope Street
About This Property
Step inside to an open-concept floorplan featuring clean architectural lines, abundant natural light, and luxurious finishes throughout. The chef-inspired kitchen seamlessly flows into the living and dining areas, creating an ideal space for both everyday living and entertaining. High-end materials, sleek fixtures, and designer touches elevate every corner of the home.
The primary suite provides a private retreat with a spa-like ensuite bath and generous closet space, while additional bedrooms offer comfort and versatility. Conveniently located near the city's top dining, shopping, and entertainment, this home delivers the perfect blend of modern style and urban accessibility.
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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 |
|---|---|---|---|
| May 6, 2026 | Sold | ||
| Sold | |||
| Apr 15, 2026 | In contract | - | |
| In contract | |||
| Apr 1, 2026 | Relisted | $339,000 | |
| Relisted | |||
| Mar 7, 2026 | In contract | - | |
| In contract | |||
| Feb 24, 2026 | Listed by Bray Real Estate Group- Dallas | $339,000 | |
| Listed by Bray Real Estate Group- Dallas | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017