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8881 BANCROFT DRIVE
About This Property
Enjoy abundant natural lighting throughout, with large windows that brighten every room and create a warm, inviting atmosphere. The modern kitchen flows seamlessly into the dining and living areas, making it the true heart of the home. Upstairs, generously sized bedrooms provide plenty of space for family or guests. With its modern construction, open layout, and light-filled spaces, this home combines comfort, style, and convenience in a desirable Waldorf community, perfect for those seeking room to grow, work, and relax.
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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 |
|---|---|---|---|
| Apr 16, 2026 | Sold | ||
| Sold | |||
| Mar 20, 2026 | In contract | - | |
| In contract | |||
| Mar 13, 2026 | Price Decreased |
$550,000
↓ $15K
(2.7%) | |
| Price Decreased | |||
| Feb 28, 2026 | Price Decreased |
$565,000
↓ $10K
(1.7%) | |
| Price Decreased | |||
| Feb 20, 2026 | Relisted | $575,000 | |
| Relisted | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017