512 FALCON PLACE
About This Property
Don't miss your chance to own in this charming and well-maintained 55+ community. This delightful single-level home features 2 spacious bedrooms and 1 full bathroom, offering a comfortable and convenient layout ideal for easy living.
Step inside to an open floor plan filled with natural light, showcasing gleaming hardwood floors in the main living areas and carpeting in the bedrooms. The updated bathroom includes a sleek Bath Fitter shower upgrade for added comfort and style. The kitchen boasts a brand-new stove, and the entire interior has been freshly painted, making it truly move-in ready.
Enjoy peaceful mornings on your inviting front porch and relax in the serene privacy of your back patio - perfect for entertaining or unwinding at the end of the day. Conveniently located to shopping.
Opportunities like this are rare in such a desirable community. Schedule your showing today!
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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 4, 2025 | Sold | ||
| Sold | |||
| Oct 15, 2025 | In contract | - | |
| In contract | |||
| Oct 10, 2025 | Listed by CENTURY 21 New Millennium | $415,000 | |
| Listed by CENTURY 21 New Millennium | |||
| Dec 1, 2022 | Sold | ||
| Sold | |||
| Jul 15, 2022 | Listed by CENTURY 21 New Millennium | $369,900 | |
| Listed by CENTURY 21 New Millennium | |||
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About Prince Frederick
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CENTURY 21 New Millennium
Last Updated: 4 hours ago
Data Source: Bright MLS , MLS# MDCA2023594
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017