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38 Grebe Ln
About This Property
The unfinished 912-square-foot lower level is already roughed in and provides an excellent opportunity to nearly double the home's usable living space. Finish it as a family room, game room, additional sleeping area, home office, workshop, hobby space or a combination designed around your needs.
Outside, the private grounds provide plenty of room to enjoy the peaceful mountain environment. An oversized two-car garage, oversized two-car carport and two additional storage sheds offer exceptional space for vehicles, tools, equipment, trailers and recreational gear.
For buyers seeking even more land and privacy, the adjoining 2-acre parcel is also available at an additional cost, creating the opportunity to own a total of 4 acres. Whether you finish the lower level immediately or complete the property over time, 38 Grebe Lane offers the space and flexibility to create the mountain home you envision.
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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 |
|---|---|---|---|
| Sep 13, 2026 | Price Decreased |
$372,500
↓ $3K
(0.7%) | |
| Price Decreased | |||
| Aug 24, 2026 | Listed | $375,000 | |
| Listed | |||
| Aug 3, 2015 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017