721 Highland Park
About This Property
Inside, the light-filled interior features formal living and dining areas just off the entry, enhanced by elegant wood shutters on all front windows. The spacious open-concept kitchen and family room create the perfect gathering space. The kitchen is equipped with rich wood cabinetry, granite countertops, a tiled backsplash, double ovens, and a large center island with bar seating. The family room is warm and inviting with a cozy fireplace and direct access to the backyard patio. The primary suite is a peaceful retreat, complete with doors to the patio, a walk-in closet, and an en-suite bathroom featuring dual sinks, a soaking tub, and a separate shower. Go outside to enjoy the private backyard with a patio, mature apple and lemon trees, and tranquil greenery views-perfect for relaxing or entertaining. Additional highlights include a 3-car direct-access garage, Newer HVAC (2024) and a prime location within Peppertree Park, a gated community offering walking paths, parks, a basketball court, and picnic areas. This home combines style, space, and an exceptional setting in a highly sought-after neighborhood.
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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 |
|---|---|---|---|
| Apr 22, 2026 | Sold | ||
| Sold | |||
| Mar 26, 2026 | In contract | - | |
| In contract | |||
| Mar 20, 2026 | Listed by Redfin Corporation | $899,900 | |
| Listed by Redfin Corporation | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017