11 Bird Lane
About This Property
Experience the ultimate in location and lifestyle in this stunning Forest Cove home, perfectly nestled on the shores of Long Island Sound. Tucked away at the end of a serene enclave in the heart of Milton Point, this extraordinary residence offers unparalleled open water views and a seamless blend of elegance and comfort.
The main floor is designed for both formal entertaining and everyday living. A gracious living room and dining room flow effortlessly into the modern kitchen/family room, complete with a cozy fireplace, beamed ceilings and Great Room appeal. French doors lead to an oversized brick terrace, The first-floor master suite is a true retreat, and 3 additional bedrooms plus an expansive unfinished bonus room offer unlimited potential. Within walking distance to everything this one-of-a-kind waterfront gem is more than a home-it's a lifestyle.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Mar 12, 2025 | Sold | ||
| Sold | |||
| Jan 22, 2025 | In contract | - | |
| In contract | |||
| Dec 23, 2024 | Listed by Coldwell Banker Realty | $4,750,000 | |
| Listed by Coldwell Banker Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017