41 Park Lane
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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 |
|---|---|---|---|
| Dec 6, 2024 | Sold | ||
| Sold | |||
| Nov 8, 2024 | In contract | - | |
| In contract | |||
| Oct 15, 2024 | Listed by Equity Union | $2,650,000 | |
| Listed by Equity Union | |||
| Oct 29, 2021 | Sold | ||
| Sold | |||
| Oct 6, 2021 | Listed by Bennion Deville Homes | $2,195,000 | |
| Listed by Bennion Deville Homes | |||
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Stunning, Impeccable, Quality, Consistent, Bright, Move-In Ready - are just some of the words we'd use to describe this gorgeous 3BD/4.5BA fully remodeled home in the highly desirable Community of Morningside in Rancho Mirage. Nothing has been left untouched inside or outside of this 3,800SQFT home, including a full exterior remodel of the landscaping, pool and 3,000sqft of new smooth grey acid washed cement decking. Bonus Pergola sitting area with built-in automatic shade. Some highlights of the thoughtful details put into this magnificent home include leased SOLAR at $268/mo (40 panels from Renova), 18 x 36 limestone floor tiles throughout the main living areas, matching limestone tiles used in both guest showers, modern quartz countertops in the kitchen and guest baths, Carrera marble used floor to ceiling in both master ensuites, matching Carrera marble on fireplace facade, custom matching front courtyard and interior doors, Sonos music throughout the home and pool area, Nest & Ring systems (heating/cooling/security cameras), LED lighting, new interior doors and hardware, Wolf six burner/double ovens with griddle, subzero fridge with two pull out freezer drawers, wine fridge & microwave in island, plus so much more. Third bedroom can act as an attached Casita. Side yard is conveniently gated for dogs or small children. Nothing needs to be done but for you to move in!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017