91 LUTHER DRIVE
About This Property
Key Features Include:
• Roof and Gutters: Replaced in July 2022, offering peace of mind for years to come.
• Flooring: Stunning new Cali bamboo flooring installed in 2023 and new carpet in 2022 (which is only in the guest bedrooms).
• HVAC System: Brand-new AC unit installed in July 2024.
• Hot Water Tank & Water Softener: Both updated in 2024 for efficiency and comfort.
• Kitchen Upgrades: Granite countertops, pull-out cabinets for easy access, a new refrigerator (January 2025), a new stove (2024), and a garbage disposal (2025).
• Exterior & Storage: Freshly painted exterior in 2023 touch-up, plus a shed added in 2022 for additional storage.
This home's thoughtful updates continue outside with a spacious yard perfect for entertaining, gardening, or relaxing in privacy. Don't miss the opportunity to make this stunning, turnkey property your new home! Schedule a showing today!
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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 |
|---|---|---|---|
| Jun 30, 2025 | Sold | ||
| Sold | |||
| May 16, 2025 | In contract | - | |
| In contract | |||
| May 6, 2025 | Price Decreased |
$350,000
↓ $20K
(5.4%) | |
| Price Decreased | |||
| May 3, 2025 | Price Decreased |
$369,900
↓ $10K
(2.6%) | |
| Price Decreased | |||
| Mar 18, 2025 | Price Decreased |
$379,900
↓ $5K
(1.3%) | |
| Price Decreased | |||
Property Highlights
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017