1 Traction Boulevard
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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%.
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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.
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 3, 2024 | Sold | ||
| Sold | |||
| Jun 19, 2024 | In contract | - | |
| In contract | |||
| May 28, 2024 | Listed by Fortune Realty of LI Inc | $749,990 | |
| Listed by Fortune Realty of LI Inc | |||
| | |||
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Indulge in lakeside luxury with this magnificent 11 Room, 5-bedroom Hi Ranch boasting awe-inspiring, unobstructed views of Canaan Lake. An entertainer's haven awaits, envision lively gatherings and outdoor adventures on the patio with loved ones, all while basking in the tranquility of approximately 125 feet of lakefront bliss. This is the paradise you have been waiting for! Step onto the expansive deck seamlessly connected to the kitchen for effortless outdoor dining experiences. Inside, be captivated by stunning views from 5 rooms, including the living room and multiple bedrooms, offering year-round charm & serenity. The kitchen, adorned with granite counters and a central island, flows graciously into the dining room for added seating convenience. The lower level unveils private living quarters, featuring a Summer Kitchen, spacious living/dining area with an adjoining bedroom & bath-potentially a Mother-Daughter or Accessory Apartment with permits-alongside a separate recreation room, bedroom, bath, and laundry area. Revel in hardwood floors, cozy up by the gas stove, and choose between central air or separate units for comfort. Updates abound, including an updated roof, siding, and heating system, Andersen windows, sprinkler system, solar panels, and an expansive driveway with carport. Enjoy seasonal fishing and hand-launched boating opportunities, with quick access to Sunrise Highway and just a leisurely stroll from desirable Patchogue Village, less than 2 miles away. This is lakeside living at its absolute finest!
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| May 18, 2005 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017