8623 PAPPAS WAY
About This Property
The spacious and expanded kitchen overlooks the patio and offers tranquil views of the outdoor entertaining space, and is adjacent to a large dining room/flexible living space with a fireplace creating an ideal setting for gatherings both formal and casual. Step outside to the beautifully designed patio, complete with a serene koi pond that is fuly stocked with a working pump, providing a private retreat perfect for entertaining or quiet relaxation.
The partially finished basement has space for a game room or study. The large unfinished space has abundant storage and a door that leads to the outside. With classic colonial architecture, refined indoor-outdoor connections, and a prime community location close to main commuter routes, this home is a standout opportunity in the Woodson school pyramid!
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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 |
|---|---|---|---|
| Mar 16, 2026 | Sold | ||
| Sold | |||
| Feb 12, 2026 | In contract | - | |
| In contract | |||
| Feb 7, 2026 | Relisted | $969,888 | |
| Relisted | |||
| Feb 3, 2026 | In contract | - | |
| In contract | |||
| Jan 22, 2026 | Listed by eXp Realty LLC | $969,888 | |
| Listed by eXp Realty LLC | |||
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About Annandale
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017