107 Promenade 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 |
|---|---|---|---|
| Aug 27, 2024 | Sold | ||
| Sold | |||
| Jul 12, 2024 | In contract | - | |
| In contract | |||
| May 23, 2024 | Listed by Richmond Realty Corp | $975,000 | |
| Listed by Richmond Realty Corp | |||
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This light-filled, open floor plan 3 bedroom 2.5 bath home features a custom kitchen with granite countertops, white marble two-story wood-burning fireplace, cathedral ceilings, hardwood floors, and owned solar power system. Located on a quiet residential street surrounded by quintessential North Fork farm fields, this builder's own residence is complete with oversized windows looking out to an expansive and lush private backyard with mature landscaping. Room for a pool. The spacious living-dining rooms open to a large deck, perfect for indoor/outdoor entertaining. Privacy abounds in the spacious primary bedroom wing complete with en-suite bath with brand new shower, sun-drenched sitting room, and walk-in closet. This home is equipped with generously sized bedrooms, ample storage closets, full basement, and high efficiency central air conditioning. The mudroom and walk-in pantry connect the kitchen with the 1.5 car attached garage. A generous climate controlled 9-car accessory garage with 10' ceilings is set back on the one acre property and could double as a workshop or art studio, ideal for contractor, car collector, artist, etc. At the gateway to the North Fork, the property's convenient location is in close proximity to the LIE, Sunrise Highway, the Hamptons, and the commercial hub of Riverhead. The property is located within walking distance to farm stands, and minutes to multiple award-winning wineries, restaurants, parks, and local beaches.
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| Mar 28, 2011 | Sold | ||
| Sold | |||
| Oct 28, 2009 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017