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4206 Lawrence Road
About This Property
Welcome to 4206 Lawrence Dr, a one-of-a-kind property offering 2,001 sq ft of living space on nearly 2 acres. This home features 3 bedrooms, 2 bathrooms, a home office, and a cozy sitting area off the secondary bedroom. The highlight is the direct access to the airpark runway and a large airplane hanger, perfect for aviation enthusiasts. The detached garage, complete with water, power, and air conditioning, is ready to be converted into an in-law suite or customized to fit your needs. Outdoors, the property boasts a pool (currently filled with sand) that can be excavated and restored at a fraction of the cost of building a new one. With 1.95 acres of land, the possibilities are endless for outdoor activities and future enhancements. Don't miss the chance to make this exceptional property your own!
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Cap Rate Calculator
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 28, 2025 | Sold | ||
| Sold | |||
| Apr 10, 2025 | In contract | - | |
| In contract | |||
| Apr 1, 2025 | Listed by Keller Williams Elite | $530,000 | |
| Listed by Keller Williams Elite | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017