542 Forrest Lane
About This Property
This stunning home has been completely updated with brand-new flooring, fresh paint, a fully remodeled bathroom, and an all-new kitchen. Featuring an open-concept layout, it offers two spacious living areas, two dining spaces, and a large kitchen island with bar seating-perfect for entertaining or family meals.
The kitchen shines with brand-new appliances and plenty of space for cooking and gathering. Outside, you'll love the home's curb appeal and oversized backyard. Relax or host guests on the large, covered back porch-ideal for enjoying time with family and friends.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Nov 24, 2025 | Sold | ||
| Sold | |||
| Oct 29, 2025 | In contract | - | |
| In contract | |||
| Oct 22, 2025 | Price Decreased |
$280,000
↓ $5K
(1.8%) | |
| Price Decreased | |||
| Oct 14, 2025 | Price Decreased |
$285,000
↓ $10K
(3.4%) | |
| Price Decreased | |||
| Sep 30, 2025 | Relisted | $305,000 | |
| Relisted | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017