108 Commercial Avenue E
About This Property
This very well-maintained property sits on 1.489 acres and has approximately 260 FEET OF LAKEFRONT. A metal bulkhead runs nearly the full length of the waterfront-wood bulkhead on a small part. Inside you will find updated bathrooms, a spacious primary bedroom with a view of the lake, a split floor plan and an open-concept kitchen, dining and living area. Updates throughout the property include: double wide parking pad that can accommodate RVs, large vehicles or boats, stone firepit area, two decks, 4-ton A/C, closed cell insulation under the house, double-paned windows, PEX water pipes, house leveled, 50 amp electrical on parking pad and more!!
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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 16, 2020 | Sold | ||
| Sold | |||
| Aug 26, 2020 | Listed by Brombacher & Co. | $325,000 | |
| Listed by Brombacher & Co. | |||
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This LAKEFRONT home offers stunning 180-degree open water views! Enjoy watching sunrises and sunsets from the covered deck. Walk across the sprawling lawn to the boathouse and hop in your boat for a day on the water. Whether you want local lake living or a weekend retreat, this home provides a comfortable place for relaxation.
This very well-maintained property sits on 1.489 acres and has approximately 260 FEET OF LAKEFRONT. A metal bulkhead runs nearly the full length of the waterfront-wood bulkhead on a small part. Inside you will find updated bathrooms, a spacious primary bedroom with a view of the lake, a split floor plan and an open-concept kitchen, dining and living area. Updates throughout the property include: double wide parking pad that can accommodate RVs, large vehicles or boats, stone firepit area, two decks, 4-ton A/C, closed cell insulation under the house, double-paned windows, PEX water pipes, house leveled, 50 amp electrical on parking pad and more!!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017