87 Arleigh Road
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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%.
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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 |
|---|---|---|---|
| Feb 18, 2026 | Sold | ||
| Sold | |||
| Dec 6, 2025 | In contract | - | |
| In contract | |||
| Nov 12, 2025 | Price Decreased |
$3,488,000
↓ $100K
(2.8%) | |
| Price Decreased | |||
| Sep 15, 2025 | Listed by Edna Mashaal Realty LLC | $3,588,000 | |
| Listed by Edna Mashaal Realty LLC | |||
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Stunning Mediterranean Residence in the Village of Kensington.
Built in 2005, this exquisite Mediterranean-style home sits on a beautifully landscaped 110 x 140 lot.
A grand center hall welcomes you into spacious and elegant living areas, including a formal living room, gracious dining room, expansive eat-in kitchen, family room, and private library—all thoughtfully designed for both comfortable living and stylish entertaining.
Upstairs, the home offers 5 generously sized bedrooms and 5.5 luxurious baths, highlighted by rich hardwood floors and detailed moldings throughout. The finished walk-out lower level features a large recreation room, home office, guest suite., and easy access to the multi-level decks and lush gardens—perfect for indoor/outdoor living. Mature landscaping, including fruit-bearing fig trees, enhances the serene setting.
Residents of the Village of Kensington enjoy private police protection, a resident-only pool club, and membership in the Great Neck Park District. Conveniently located near East Shore Road, top hospitals, and local amenities. School options include E.M. Baker Elementary and choice of Great Neck South or North Middle & High School.
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| Sep 13, 2025 | No longer available | - | |
| No longer available | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017