54 Magnolia Lane
About This Property
Located in desirable East Birchwood within the Jericho School District, this updated 3-bedroom, 3-bath split-level home offers a versatile layout with easy flow between levels, while southern exposure fills the home with bright natural light.
The family room expansion is a standout space featuring skylights, a stone feature wall with fireplace, and direct access to the backyard. The renovated kitchen features beautiful granite countertops, updated cabinetry, and an efficient layout ideal for everyday living. Recently finished hardwood floors extend throughout the home.
The spacious master bedroom was an expansion with full height mirrored closets, a custom built-in hardwood dresser, and an en-suite bath. Two additional large bedrooms and a full bath complete the upper level.
The lower level features a den with fireplace, while the finished basement offers flexible space for additional living area. Additional highlights include an attached one-car garage, in-ground sprinkler system, landscaped backyard with deck, and a $15,000 whole-house backup generator providing emergency power during outages.
Ideally located just minutes from Jackson Elementary School, Whole Foods, H Mart, and other neighborhood amenities, this home embodies comfort, functionality, and an exceptional location.
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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 30, 2026 | Price Decreased |
$1,368,000
↓ $7K
(0.5%) | |
| Price Decreased | |||
| Sep 3, 2026 | Listed by Welhome Realty Inc | $1,375,000 | |
| Listed by Welhome Realty Inc | |||
| Jun 20, 2018 | Sold | ||
| Sold | |||
| Nov 7, 2017 | Listed by Welhome Realty Inc | $938,000 | |
| Listed by Welhome Realty Inc | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017