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6315 Fairlane Drive
About This Property
Filled with natural light, the kitchen features a practical layout with a pantry and multiple dining options, including a cozy breakfast nook and bar-top seating. The first-floor primary bedroom includes built-in shelving, a full bathroom, and dual walk-in closets for added storage and convenience.
The spacious living room features high ceilings and opens to the upstairs loft, providing a versatile space for a home office, playroom, media area, or additional living space. Outside, an extended covered patio overlooks the backyard with a mature tree and garden arbor, creating a comfortable setting for relaxing or entertaining.
Conveniently located near everyday essentials, including grocery, retail, dining, and major area amenities. A great opportunity for a buyer who values space, location, and the ability to add their own finishing touches while building value over time.
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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 |
|---|---|---|---|
| Oct 14, 2026 | Sold | ||
| Sold | |||
| Sep 15, 2026 | In contract | - | |
| In contract | |||
| Sep 11, 2026 | Price Decreased |
$265,000
↓ $8K
(2.8%) | |
| Price Decreased | |||
| Aug 29, 2026 | Relisted | $272,500 | |
| Relisted | |||
| Aug 25, 2026 | In contract | - | |
| In contract | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017