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964 Cherrywood Drive
About This Property
The spacious primary bedroom boasts a stunning brand-new bathroom. Two additional bedrooms are complemented by a beautifully renovated hall bathroom. The lower level features a large family room with a brand-new full bathroom and offers the flexibility to be used as a possible fourth bedroom, guest suite, home office, or recreation space. Partial finished basement with plenty of storage, newer gas heat(3 zones), separate hot water heater & laundry room.
Additional updates include new carpeting, fresh paint throughout, three ductless A/C units, electric 200Amps, updated windows, doors, and siding. Enjoy the benefits of a whole-house water filtration system and underground sprinklers. Located in an X flood zone-no flood insurance required. Move right in and enjoy all this home has to offer!
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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%.
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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.
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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 |
|---|---|---|---|
| Jul 27, 2026 | In contract | - | |
| In contract | |||
| Jun 17, 2026 | Listed by Sailing Home Realty of L I LLC | $849,000 | |
| Listed by Sailing Home Realty of L I LLC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017