6346 MEMORY Lane
About This Property
With no HOA to tell you what to do, this is truly your land, your way.
Recent High-Value Upgrades:
We've done the heavy lifting so you don't have to. Move in with total peace of mind knowing the major systems are brand new:
Infrastructure: New well and water purification system; both septic tanks pumped (Aug 2025).
Climate Control: Brand-new A/C system (2025) with professionally cleaned ductwork and a programmable thermostat.
Roofing: New shingle roof on main home plus a durable metal roof over the back porch.
Interior: Freshly painted inside & out, featuring modern LVP flooring in main areas & plush new carpet in bedrooms. Kitchen & Bath: Refreshed cabinetry, elegant granite countertops, stainless steel appliances, and updated hardware/fixtures throughout.
Energy & Security: All window glass has been replaced for clarity and efficiency; ADT security system included.
The Land: Extensive clearing with approximately 30 trees removed, opening up the lot for immediate use, gardening, or additional structures.
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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 |
|---|---|---|---|
| Apr 3, 2026 | Sold | ||
| Sold | |||
| Mar 2, 2026 | In contract | - | |
| In contract | |||
| Feb 10, 2026 | Price Decreased |
$275,000
↓ $25K
(8.2%) | |
| Price Decreased | |||
| Jan 30, 2026 | Price Decreased |
$299,500
↓ $26K
(7.9%) | |
| Price Decreased | |||
| Jan 19, 2026 | Listed by KELLER WILLIAMS ST JOHNS | $325,000 | |
| Listed by KELLER WILLIAMS ST JOHNS | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017