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4 MELODY LANE
About This Property
If you love a great neighborhood but could do without cars flying past your house all day, Melody Lane is calling your name.
🔥 The kitchen understood the assignment:
5-burner gas range ✔️
Stainless steel appliances ✔️
Granite countertops ✔️
42" wood cabinets ✔️
Tile backsplash ✔️
And it doesn't stop there...
✨ Gorgeous hardwood floors
🔥 Cozy fireplace
🛋️ Expanded living room
🛁 Updated main bath with heated floors
🌳 Beautiful fenced-in backyard
🍹 Patio ready for cocktails, coffee & questionable amounts of outdoor furniture
Best part? This isn't a "bring your contractor and your imagination" house. 😂 It's a solid, well-kept home in a premium low-traffic location at a GREAT price.
Translation: Don't overthink this one. 📲 Go ahead. Schedule the showing, 4 Melody Lane might just be the one you've been waiting for. ❤️🏡
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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 |
|---|---|---|---|
| Oct 2, 2026 | In contract | - | |
| In contract | |||
| Sep 16, 2026 | Listed by Keller Williams Realty | $560,000 | |
| Listed by Keller Williams Realty | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017