25
Map
89 Park Drive
About This Property
A unicorn in Pelham Manor! This 4-bedroom, 3.5-bath home offers 3,155 sq ft of versatile living space, with an 855 sq ft finished lower level with bedroom, full bath, and kitchenette - ideal as an in-law suite or guest retreat. The expansive, flat backyard is a rare find - perfect for entertaining, outdoor play, or future expansion.
The bright and airy first floor includes a spacious living room, family room, dining room, and large eat-in kitchen. Upstairs, three generously sized bedrooms provide comfort and flexibility. The 50x100 lot offers room to expand, add a pool, or create your dream outdoor oasis.
Even better, this home is not subject to Westchester zoning - giving you greater freedom to expand beyond the typical limits.
Truly a rare find.
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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 |
|---|---|---|---|
| Dec 26, 2025 | Sold | ||
| Sold | |||
| Oct 18, 2025 | In contract | - | |
| In contract | |||
| Sep 26, 2025 | Listed by Capital Realty NY LLC | $1,950,000 | |
| Listed by Capital Realty NY LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017