480 Fair Street
About This Property
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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 18, 2025 | Sold | ||
| Sold | |||
| Oct 31, 2025 | In contract | - | |
| In contract | |||
| Sep 26, 2025 | Listed by Keller Williams NY Realty | $615,000 | |
| Listed by Keller Williams NY Realty | |||
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Welcome to 480 Fair St, where charm meets modern convenience in the heart of Carmel, NY. This beautifully updated 3-bedroom, 2.5-bath home offers an inviting layout perfect for both daily life and entertaining. Step inside the entry foyer with tile flooring and staircase leading to the sun-filled living room with open concept and formal dining room. Well-appointed renovated kitchen boasting stainless steel appliances, including a double oven, French door refrigerator and enjoying coffee at the coffee/eating bar area. Door leading into a wonderful serene backyard with new patio offering seamless indoor-outdoor living. On the main level enjoy the primary suite with large walk-in closet and a full bathroom featuring a tub shower with subway tile and a vanity with marble details and cabinet storage. Additional bedroom with closet and a perfect home office for your convenience for at home work. Hall powder room for convenience completes the main level. The finished lower level is a fantastic bonus space, featuring a cozy family room with a brick and wood accented fireplace. Bedroom and full bathroom with tile accents and tub shower and dedicated laundry room for your convenience. Additional features include a newly extended two-car garage, new driveway, and a shed for extra storage. This home is truly designed for comfort and ease, with a whole-house propane generator, an electric dog fence, and rain barrel system. This property offers the best of both worlds: a tranquil, private setting with an easy commute. Located close to Route 84 and the Metro-North station, you are just minutes away from shopping, schools, and restaurants. Don't miss out!
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| Jan 7, 2021 | Sold | ||
| Sold | |||
| Sep 12, 2020 | Listed by Briante Realty Group, LLC | $342,000 | |
| Listed by Briante Realty Group, LLC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017