4938 O Sullivan
About This Property
The exterior has been refreshed from top to bottom, featuring a newer roof, updated stucco and exterior paint, new fascia boards and gutters, upgraded exterior doors, and new windows throughout the home (excluding bathrooms), providing excellent curb appeal and long-term peace of mind.
Inside, enjoy engineered hardwood flooring throughout, new interior doors, recessed lighting, and updated ceiling fans and light fixtures in the bedrooms, creating a warm and inviting atmosphere. Major system upgrades include upgraded electrical and plumbing, a newer water heater installed June 2025, and efficient mini-split A/C units conveniently controlled by remote or mobile app.
The bright, redesigned kitchen is ideal for everyday living and entertaining, showcasing custom maple wood cabinetry, smart storage with pull-out drawers and a built-in lazy Susan, white oak floating shelves, all-new hardware, and brand-new appliances.
Both bathrooms have been fully remodeled with modern fixtures and fresh finishes, offering comfort and style throughout.
The backyard is currently undeveloped, presenting a rare opportunity for the next owner to design their ideal outdoor space - whether a garden, entertaining area, terracing, or low-maintenance landscaping.
This exceptional home offers the perfect balance of style, functionality, and thoughtful upgrades - a true turnkey opportunity where no detail has been overlooked.
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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%.
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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 |
|---|---|---|---|
| Apr 3, 2026 | Sold | ||
| Sold | |||
| Mar 10, 2026 | In contract | - | |
| In contract | |||
| Jan 5, 2026 | Listed by J A T S Enterprises, Inc. | $790,000 | |
| Listed by J A T S Enterprises, Inc. | |||
| Oct 24, 2025 | Price Decreased |
$815,000
↓ $10K
(1.2%) | |
| Price Decreased | |||
| Oct 14, 2025 | Listed | $825,000 | |
| Listed | |||
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Bonus: The seller is open to offering a 1-year temporary rate buydown to help reduce your interest rate and make the first year of homeownership more affordable. Inquire for details. Tucked into the hillside neighborhood of University Hills, this thoughtfully improved 3-bedroom, 2-bathroom home blends modern upgrades with cozy charm. The current owners have made significant investments throughout: electrical and plumbing systems have been replaced, a new water heater added, and mini-split AC units installed remotely controlled by phone or remote for energy-efficient comfort all year long.The fully remodeled kitchen features custom maple cabinetry, pull-out drawers, sleek white oak floating shelves, and all-new appliances. Both bathrooms have been stylishly updated with modern fixtures and finishes, while wide-plank wood floors run throughout the interior. Additional upgrades include new interior doors, contemporary light fixtures, and ceiling fans in each bedroom.Outside, the home continues to impress: a new roof, fresh stucco and exterior paint, new fascia and gutters, updated windows, and new exterior doors offer both style and peace of mind. The deep backyard is a blank canvas perfect for a garden, outdoor living area, or future expansions. You'll also be joining a vibrant, connected community, with neighbors gathering regularly for local events through the El Sereno Social Club.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017