721 Hemlock Lane
About This Property
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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 |
|---|---|---|---|
| Jul 28, 2023 | Sold | ||
| Sold | |||
| May 11, 2023 | Listed by Whyrent Real Estate Company | $355,000 | |
| Listed by Whyrent Real Estate Company | |||
| Oct 9, 2021 | No longer available | - | |
| No longer available | |||
| Sep 26, 2021 | In contract | - | |
| In contract | |||
| Sep 21, 2021 | Listed by RE/MAX Achievers | $280,000 | |
| Listed by RE/MAX Achievers | |||
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This move in split-level home sits on a large corner lot with mature landscaping. Inside the large living room has great natural light and hardwood floors leading you into the updated eat-in kitchen with 42" cabinets, granite counters and stainless steel appliances. Enjoy the elevated deck off the kitchen through the newer sliding glass door. Up stairs you will find two spacious bedrooms and an updated bath. The lower level has a family room, which features a brick fireplace; a 3rd bedroom; and half bath. Great location, close to shopping, restaurants & more! Roof/Appliances/Siding 2015, Washer/Dryer 2yrs The manager has listed the unit size as 1458 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017