1016 E Hells Gate Drive
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 |
|---|---|---|---|
| Dec 1, 2023 | Sold | ||
| Sold | |||
| May 17, 2023 | Listed by Possum Kingdom Real Estate | $4,195,000 | |
| Listed by Possum Kingdom Real Estate | |||
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UNDER CONSTRUCTION an amazing NEW LAKE HOUSE in an excellent location… so close you could swim to famous landmark Hells Gate! Modern 3 story, 5 BR 6 BA designed by Blake Architects. Stone, stucco and wood exterior, flat roof, modern black doors & windows. Bosting 6,667 Sq Ft under roof, 4658 Sq Ft HVAC, two car garage, concrete drive. Panoramic lake views from all levels. Mega porches and patios for comfortable outdoor living. A fantastic SWIMMING POOL is also under construction with Hot Tub, Sunken Firepit, Outdoor Kitchen. Deep water NEW DOUBLE DECKER BOAT DOCK soon to be delivered with 29 Ft Boat Slip & Lift, Two PWC Slips & Lifts. In popular Gaines Bend Development on the south end of the clearest blue waters of Possum Kingdom Lake. Many special features, top-grade appliances. Ask for building plans and details. Completion expected within a few months. Check back for updates IF still available... opportunities like this to have ALL NEW and not go to all the trouble are R A R E.
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| Mar 31, 2022 | Sold | ||
| Sold | |||
| Jan 6, 2022 | Listed by Coldwell Banker Realty | $850,000 | |
| Listed by Coldwell Banker Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017