1 Arland Terrace
About This Property
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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 |
|---|---|---|---|
| Sep 4, 2024 | Sold | ||
| Sold | |||
| Aug 16, 2024 | In contract | - | |
| In contract | |||
| Aug 8, 2024 | Listed by RE/MAX Beacon | $695,000 | |
| Listed by RE/MAX Beacon | |||
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Seize your rare chance to live in the coveted Brier Neck neighborhood. Homes here are rare, so don’t miss the opportunity to build a home or beach house where countless cherished memories and family moments will unfold. Make this dream a reality today! Imagine stepping out your door and finding yourself just moments away from Good Harbor and Long Beach. Grab your coffee and walk to the beach, feel the sand between your toes, and listen to the relaxing sound of the surf as it reaches the shoreline. With ample parking for three or more cars and a history of being lovingly maintained by the same family for 50 years—serving both as a cherished summer retreat and a steady rental income property—this home has character and potential. Featuring two intimate bedrooms with one bath, this home is perfect for both relaxation and adventure. A charming fireplace adds warmth on cooler evenings, while the spacious back deck is ideal for summer gatherings and serene morning coffees.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017