748 Phillips Drive
About This Property
Inside, you'll find over 2,200 square feet of thoughtfully designed living space featuring 4 bedrooms and 2 full bathrooms. The open layout includes both a formal living room and a spacious great room complete with a fireplace and built-in entertainment center--ideal for hosting family and friends. The kitchen is a standout, featuring granite countertops, stainless steel appliances, a farmhouse sink, kitchen island, and a barn-door pantry for added character and functionality.
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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 |
|---|---|---|---|
| May 4, 2026 | Listed by Compass | $359,000 | |
| Listed by Compass | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017