88 RAE DRIVE
About This Property
The floor plan offers a split bedroom configuration, providing privacy for the primary suite, which includes a double vanity, separate walk-in shower, and a walk-in closet. Additionally, the fourth bedroom can be used as a home office or study. To top it off, there's a covered lanai, perfect for relaxing evenings outdoors or for family gatherings!
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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 |
|---|---|---|---|
| Mar 4, 2026 | Sold | ||
| Sold | |||
| Jan 23, 2026 | In contract | - | |
| In contract | |||
| Dec 31, 2025 | Price Decreased |
$315,700
↓ $2K
(0.6%) | |
| Price Decreased | |||
| Dec 10, 2025 | Price Decreased |
$317,700
↓ $5K
(1.6%) | |
| Price Decreased | |||
| Nov 8, 2025 | Price Decreased |
$322,700
↓ $20K
(5.8%) | |
| Price Decreased | |||
Property Highlights
Building Info
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Price/ft²
Listed On
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About Lehigh Woods
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ADAMS HOMES REALTY, INC
Last Updated: 8 months ago
Data Source: Stellar MLS, MLS# FC310550
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017