39 Farrell Drive
About This Property
Upstairs, the third bedroom is accompanied by walk-in access to a massive attic space. Through the garage, a separate staircase leads to approximately 1,000 square feet of finished storage space, presenting endless possibilities for guest quarters, home offices, studio space, or future expansion. Step outside to discover a spectacular pool area complete with a deck, patio, and pool house, all surrounded by the privacy and tranquility of the expansive grounds.
While this remarkable property requires renovation and updating, the size, layout, setting, and amenities provide an outstanding opportunity to restore this home to its full potential. A rare find for those seeking space, privacy, and the chance to create something truly special.
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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 |
|---|---|---|---|
| Nov 2, 2026 | Listed by Coldwell Banker Realty | $650,000 | |
| Listed by Coldwell Banker Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017