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39 Independence Way
About This Property
A grand two-story entry foyer welcomes you into beautifully appointed interiors featuring high ceilings, crown molding, wood flooring, formal living and dining rooms, and a spacious family room with gas fireplace. The oversized chef's kitchen offers quartz countertops, center island, dining area, and butler's pantry.
The second level features a luxurious primary suite with two large walk-in closets and spa bath, an additional en-suite bedroom, and three additional bedrooms plus media room potential. The fully finished walk-out basement with outside entrance and egress windows offers exceptional additional living space including recreation areas, wet bar, office/library, bedroom, full bath, and more.
Exterior highlights include a 2-car garage, basketball court, patio, porch, and a recently upgraded in-ground pool currently approximately 75% completed. Conveniently located near schools, shopping, and major roadways.
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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 |
|---|---|---|---|
| Jul 18, 2026 | In contract | - | |
| In contract | |||
| Jun 23, 2026 | Price Decreased |
$965,000
↓ $34K
(3.4%) | |
| Price Decreased | |||
| Jun 9, 2026 | Price Decreased |
$999,000
↓ $51K
(4.9%) | |
| Price Decreased | |||
| May 20, 2026 | Listed by RYLIA Homes Inc | $1,050,000 | |
| Listed by RYLIA Homes Inc | |||
| Aug 5, 2024 | Withdrawn | - | |
| Withdrawn | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017