821 Cherry Lane
About This Property
Step inside to an open-concept floor plan that feels bright, spacious, and welcoming. This beautifully updated home features 3 bedrooms, 2 full bathrooms, and a dedicated office, providing the perfect space for working from home or accommodating your family's needs. Of course the office could also function as a 4th bedroom, playroom, etc. Luxury vinyl plank flooring flows throughout the main living areas, while the bedrooms offer comfortable carpet. Every detail has been thoughtfully updated, including new fixtures, vanities, showers, cabinetry, countertops, and brand-new kitchen appliances, creating a home that truly shows like new.
Outside, you'll find a large backyard enclosed by a brand-new privacy fence, offering plenty of room for kids, pets, or entertaining. The covered carport, newer storage building, and generous outdoor living space add even more functionality and value.
This home is priced to move and completely turn-key. Don't miss your opportunity to own this beautifully renovated property-schedule your private showing today before it's gone!
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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 15, 2026 | Price Decreased |
$274,900
↓ $2K
(0.8%) | |
| Price Decreased | |||
| Aug 29, 2026 | Price Decreased |
$277,000
↓ $2K
(0.7%) | |
| Price Decreased | |||
| Aug 7, 2026 | Listed by Faith & Legacy Realty | $279,000 | |
| Listed by Faith & Legacy Realty | |||
| Oct 3, 2025 | Sold | ||
| Sold | |||
| Jul 4, 2025 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017