8 Farmedge Road
About This Property
The home offers a bright, open layout, with large windows that flood the living spaces with natural light throughout the day. Enjoy a morning coffee or evening breeze on the inviting front patio, perfect for relaxing or entertaining.
Inside, you'll find a full bathroom and a finished basement, providing additional living space, a playroom, or even a home gym. The expansive yard surrounding the home offers endless potential-gardening, entertaining, or even future expansion.
Located in a quiet, well-kept neighborhood, yet close to parks, schools, shopping, and transit, this home is the perfect blend of comfort and convenience.
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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 |
|---|---|---|---|
| Oct 23, 2025 | Sold | ||
| Sold | |||
| Aug 8, 2025 | In contract | - | |
| In contract | |||
| Jul 17, 2025 | Listed by Real Broker NY LLC | $599,000 | |
| Listed by Real Broker NY LLC | |||
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Data Source: OneKey MLS
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017