422 Faust Lane
About This Property
The gourmet kitchen features exotic granite, 3 ovens, warming tray, 6-burner stove with grill, pot filler, and vent hood. A newly added sunroom expands the living space. Additional highlights include a wet bar&wine cooler with granite counters in the study&gameroom, spacious utility w/ stainless sink. Master bedroom has a private media area. Tile/hardwood floors, designer lighting,double-pane windows, numerous upgrades. Garage door(replaced overhead door, tracks&Opener, smart wi-fi garage door opener), 24kW generator, Tesla charger, appliances since 2018, newly epoxy painted garage floor. Covered patio&outdoor kitchen. 3rd garage used as a gym. Owner invested $200K in upgrades.Move-in Ready!
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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 |
|---|---|---|---|
| Mar 6, 2026 | Sold | ||
| Sold | |||
| Jan 14, 2026 | In contract | - | |
| In contract | |||
| Oct 9, 2025 | Price Decreased |
$1,735,000
↓ $64K
(3.6%) | |
| Price Decreased | |||
| Sep 25, 2025 | Temporarily off market | - | |
| Temporarily off market | |||
| Sep 25, 2025 | Listed by 5th Stream Realty | $1,799,000 | |
| Listed by 5th Stream Realty | |||
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About Westside
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017