8 Sterling Place
About This Property
Welcome to 8 Sterling Place a rare opportunity to own a custom-built split-level home located at the end of a serene cul-de-sac in the heart of Lawrence, 11559
This expansive residence offers generously sized rooms designed for comfortable living and entertaining. The home features a large entryway leading to a bright and open living room, which flows into a stunning great room complete with a stone fireplace. A spacious study and an oversized kitchen-dining area with views of the deck and backyard enhance the appeal of the main level. There is a den on the main level and an additional half bathroom off the entrance foyer.
Upstairs you'll find 4 bedrooms and two full bathrooms, including a primary suite with an en-suite bath. The fourth bedroom and a full-length attic room await on the top floor, providing excellent space and flexibility. The lower level includes a sizable playroom with a private entrance and an additional bedroom with another full bathroom.
The fully finished basement spans the entire footprint of the house making an ideal space for recreation, hosting events, running a business and other creative uses. Outdoors enjoy a large deck overlooking the lush backyard. The private setting is perfect for relaxing and entertaining. The attached two-car garage adds convenience and functionality.
8 Sterling Place is a one-of-a-kind home offering space, comfort, and thoughtful design in a prime location with easy access to local amenities and community.
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Cap Rate Calculator
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 5, 2025 | Sold | ||
| Sold | |||
| May 30, 2025 | In contract | - | |
| In contract | |||
| Apr 3, 2025 | Listed by Sloyer Real Estate Corp. | $2,250,000 | |
| Listed by Sloyer Real Estate Corp. | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017