4011 Independent WAY
About This Property
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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 |
|---|---|---|---|
| May 20, 2026 | In contract | - | |
| In contract | |||
| Mar 20, 2026 | No longer available | - | |
| No longer available | |||
| Mar 20, 2026 | Listed by Moreland Properties | $2,200,000 | |
| Listed by Moreland Properties | |||
| Mar 6, 2026 | Listed by Moreland Properties | $2,200,000 | |
| Listed by Moreland Properties | |||
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Discover this exclusive residence within the Grove, one of the few free-standing homes seamlessly blending modern aesthetics with abundant natural light. Step into a generously designed open floor plan that effortlessly connects each area, enhancing the sense of spaciousness and comfort. The gourmet kitchen features a breakfast bar, waterfall quartz countertops, and top-of-the-line stainless-steel appliances. A cozy fireplace in the living room overlooks the kitchen, setting an ideal ambiance for intimate gatherings or serene evenings. The expansive backyard provides a private outdoor oasis perfect for al fresco dining, entertaining, or simply unwinding. The primary bedroom offers an airy retreat with an en-suite bath showcasing a soaking tub, free-standing shower, and dual vanities. Upstairs, discover spacious secondary bedrooms, an additional living room, and an expansive balcony, perfect for enjoying the Texas sunsets. Enjoy the lock-and-leave lifestyle, with all the yard maintenance maintained by the Homeowners Association. Surrounded by parks, trails, offices, retail, and local eateries, this urban oasis in the Grove offers the perfect blend of tranquility and accessibility.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017