4 Hale Lane
About This Property
One-bedroom accessory apartment with a private entrance, abundant attic storage, and a spacious primary suite complete with a walk-in closet and private full bath. The thoughtfully designed layout is ideal for extended or multi-generational living while providing the added financial benefit of a legal accessory apartment. Step outside to enjoy the expansive backyard, offering endless possibilities for outdoor entertaining, recreation, gardening, or future enhancements. Additional highlights include gas heating sewer system, central air conditioning, 200-amp electrical service, ample storage throughout, and numerous updates throughout. Conveniently located near shopping, dining, parks, and major roadways, this exceptional property combines space, versatility, modern amenities, and outstanding income-producing potential in one remarkable home.
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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 17, 2026 | In contract | - | |
| In contract | |||
| Aug 22, 2026 | Price Decreased |
$699,999
↓ $40K
(5.4%) | |
| Price Decreased | |||
| Jul 3, 2026 | Price Increased |
$739,999
↑ $175K
(31%) | |
| Price Increased | |||
| Jun 3, 2026 | Relisted | $565,000 | |
| Relisted | |||
| May 18, 2026 | Listed by Coldwell Banker American Homes | $749,999 | |
| Listed by Coldwell Banker American Homes | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017