8 Fairway Drive
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 |
|---|---|---|---|
| Sep 4, 2020 | Sold | ||
| Sold | |||
| Nov 26, 2019 | Listed by Howe Allen Realty | $425,000 | |
| Listed by Howe Allen Realty | |||
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In 2014 this home was modified with an addition, complete with separate entryways, which offers combined yet separate living areas for in-laws, or other family members. The full walk-out basement is nearly 100% finished and features an additional bedroom, 3/4 bath, family room or office, den & bonus room. This home is heated by a top of the line high-efficiency Weil-McLain direct vent gas boiler which was installed in 2018. There are 7 zones of heat, 2 of which are Art Cool wall mount ductless mini-splits which are also used for dehumidifying and cooling. Bonus features include a wood-burning stove insert in the fireplace, hardwood and tile flooring, granite countertops, 200 amp circuit breakers, a security system, a fully fenced-in area of the yard, solar panels, sliders to deck, and off-street parking.
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| Sep 30, 2009 | Sold | ||
| Sold | |||
| Mar 6, 2009 | Listed by Kokopelli Realty, LLC | $249,900 | |
| Listed by Kokopelli Realty, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017