8 George Drive
About This Property
Situated on over a quarter-acre, the property offers an attached 2-car garage, a private driveway, and additional parking for a boat, RV, or other recreational vehicles. The backyard is thoughtfully designed for outdoor enjoyment with over 1,200 square feet of multi-level decking, a pool, multiple patio areas, fire pits, and an outdoor shower. Additional highlights include a new roof installed in 2022. Conveniently located near shopping, dining, parks, and major parkways, this home offers exceptional space, flexibility, and outdoor living.
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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 |
|---|---|---|---|
| Aug 11, 2026 | In contract | - | |
| In contract | |||
| Jul 4, 2026 | Price Decreased |
$668,000
↓ $12K
(1.8%) | |
| Price Decreased | |||
| Feb 4, 2026 | Listed by SkyLimit Realty Group | $680,000 | |
| Listed by SkyLimit Realty Group | |||
| Mar 5, 2025 | Withdrawn | - | |
| Withdrawn | |||
| Feb 15, 2025 | Price Decreased |
$628,000
↓ $52K
(7.7%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017