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9422 Lenel Place
About This Property
At 1,855 sqft, this light-filled cottage lives large. The homeowners completed a pier-and-beam addition in 2022. Spacious open-concept living & dining areas flow seamlessly into the beautifully updated chef's kitchen featuring a large peninsula with quartzite countertops, two pantry systems, generous dry bar with abundant cabinetry, gas range, built-in wall oven & two dishwashers.
Tasteful finishes continue throughout, including three fully updated bathrooms. The 2022 comprehensive remodel also included a new roof & the addition of a second HVAC system. The water heater was replaced in 2023, making the home turnkey. The split primary suite serves as a private retreat with a freestanding soaking tub, frameless glass shower, dual vanities, water closet & an oversized walk-in closet. Two additional bedrooms & two full baths provide flexible living options. One secondary bedroom functions as a dedicated home office with custom built-ins and a full size Murphy bed, perfect for remote workers.
Enjoy outdoor living on the spacious covered patio overlooking a large fully fenced backyard with lush Zoysia grass & cedar board-on-board privacy fence. The backyard is generously sized with plenty of room to add a pool.
Energy-conscious buyers will appreciate the Tesla solar panel system with an assumable lease of just $84 per month. Recent energy bills have come in around $55 per month, making this one of the most cost-effective homes to own in Midway Hollow.
All information deemed reliable. Buyer and buyer's broker to verify all information and measurements.
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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 |
|---|---|---|---|
| Sep 10, 2026 | Sold | ||
| Sold | |||
| Aug 14, 2026 | In contract | - | |
| In contract | |||
| Aug 5, 2026 | Price Decreased |
$649,999
↓ $25K
(3.7%) | |
| Price Decreased | |||
| Jul 8, 2026 | Price Decreased |
$675,000
↓ $14K
(2%) | |
| Price Decreased | |||
| Jun 26, 2026 | Price Decreased |
$689,000
↓ $10K
(1.4%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017