404 TAMARACK LANE
About This Property
Freshly painted with Sherwin Williams popular Alabaster, the light-filled interior features hardwood floors, crown molding, and a thoughtful floor plan. The kitchen is equipped with GE stainless steel appliances, Sedona cherry wood cabinetry, granite countertops, a tile backsplash, recessed lighting and a pantry. The kitchen opens to a breakfast area and family room with a brick fireplace. A formal dining room and living room provide spacious spaces for gatherings.
Upstairs, the primary suite boasts hardwood floors, a walk-in closet, a separate vanity area, and a renovated en-suite bath. Three additional bedrooms, newly carpeted, share a renovated full hall bath.
The finished lower level includes a spacious recreation room and a versatile bonus room-ideal as a home office, gym, or hobby space. Additional features include a two car garage, a Trex deck, and a private yard perfect for outdoor entertaining.
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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, 2025 | Sold | ||
| Sold | |||
| Aug 27, 2025 | In contract | - | |
| In contract | |||
| Aug 21, 2025 | Listed by KW United | $774,900 | |
| Listed by KW United | |||
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About Forest Ridge
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017