4731 Banning Drive
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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%.
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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 11, 2024 | Sold | ||
| Sold | |||
| Feb 21, 2024 | In contract | - | |
| In contract | |||
| Sep 19, 2023 | Listed by Martha Turner Sotheby's International Realty | $899,000 | |
| Listed by Martha Turner Sotheby's International Realty | |||
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This fantastic Afton Oaks patio home features a timeless stucco and stone exterior along with first floor living, two exterior balconies, elevator capability to all floors and a back yard with a covered porch and putting green. Enter the home via a private, gated walkway where you step into a beautiful entry hall with a curved staircase, powder room and dining room with a bar and wine fridge. The open-style kitchen features high end appliances, including a gas range with double ovens, and a large breakfast bar overlooking the light and bright family room. Soft, neutral tones carry throughout the home, along with warm hardwoods, ample built-ins and plantation shutters. Upstairs is a gorgeous master suite with a balcony and serene, spa-like bath. The two secondary bedrooms feature en-suite baths and hardwood floors. Also upstairs is a home office with glass doors, a large game room with an oversized wet bar and balcony, and a second powder bath.
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| Apr 15, 2019 | Sold | ||
| Sold | |||
| Nov 12, 2018 | Listed by Coldwell Banker United, | $819,000 | |
| Listed by Coldwell Banker United, | |||
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Gorgeous, thoughtfully designed, beautifully landscaped, free-standing 2013 patio home w/ Mediterranean flair & covered patio w/ plenty of yard for pool. Eastern exposed end unit offers abundant natural light, 1st floor living/dining & elevator shaft to all 3 floors. Beautifully appointed interior features rich hardwoods, warm neutral palette, plantation shutters, generous room sizes, handsome built-ins, abundant storage & tasteful decorator touches throughout. Well appointed, slab granite island kitchen features top of the line appliances, breakfast counter & opens to spacious family room w/ handsome built-ins & built-in surround sound. Superb location just blocks from world class shopping/dining venues of The Galleria, River Oaks District & Highland Village. Adjacent to the multi-million dollar residences of prestigious Afton Oaks, Banning offers easy access to Whole Foods, Central Market, Greenway Plaza, Downtown, Texas Medical Center & Memorial Park.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017