511 MARSHALL DRIVE
About This Property
Well-maintained Colonial residence offering 4 bedrooms, 3.5 bathrooms, and 2,880 finished square feet in tranquil Sullivan Heights. The traditional floor plan begins with a welcoming foyer featuring laminate flooring. The formal living room offers carpeting and a classic chair railing and opens into the dining/breakfast room, which features laminate flooring, an accent wall, and access to the deck. The dining room flows into the kitchen, equipped with upgraded countertops, stainless steel appliances, a ceramic tile backsplash, and warm wood cabinetry that adds a touch of character. Just off the kitchen, a hallway provides access to a convenient powder room, laundry room, and attached garage. Completing the main level is the spacious family room, featuring hardwood floors, chair railing, and a brick-accented decorative raised hearth, creating a cozy focal point for the space. The upper level features four carpeted bedrooms and two full bathrooms, including the comfortable owner's suite with a walk-in closet and private attached bathroom with a dual-sink vanity. The lower level offers a recreation room with LVT flooring, ideal for a casual entertaining or lounge space, which flows into a versatile bonus room perfect for a home office, playroom, hobby room, or home gym. A full bathroom, utility room, and storage room complete the lower level. Outdoor living offers plenty of space to enjoy the property, beginning with a large driveway, mature landscaping, two-car attached garage, and storage shed. Out back, a spacious open-air deck overlooks the yard, which is lined with mature pine trees. A fenced patio area with a fabric sun shade provides an additional spot for relaxing, while lush landscaping surrounds the in-ground swimming pool, creating a private outdoor setting for summer enjoyment.
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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 |
|---|---|---|---|
| Sep 11, 2026 | Price Decreased |
$599,999
↓ $25K
(4%) | |
| Price Decreased | |||
| Aug 27, 2026 | Listed by Keller Williams Lucido Agency | $625,000 | |
| Listed by Keller Williams Lucido Agency | |||
| Jul 29, 2019 | No longer available | - | |
| No longer available | |||
| Jul 24, 2019 | Sold | ||
| Sold | |||
| Jun 13, 2019 | Price Decreased |
$382,000
↓ $8K
(2.1%) | |
| Price Decreased | |||
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About Carroll
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017