11 Shannon Lane
About This Property
School district with expansion possibilities! On a private road, offering minimal traffic and a wonderfully peaceful setting. The first floor features a formal living room with fireplace and home office. The bright and open eat-in kitchen has sliding door access to the backyard, making outdoor dining a breeze. A flexible dining/play room off the kitchen and beautifully renovated powder room round out the first floor. This home has a second expansive living area over the garage with convenient laundry and an extra-large pantry. The second floor features 4 generously sized bedrooms with ample storage. The primary is a sanctuary with a remodeled and expanded en-suite bathroom. Additional Information: ParkingFeatures:2 Car Attached,
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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 1, 2023 | In contract | - | |
| In contract | |||
| Jan 17, 2023 | Price Decreased |
$1,699,000
↓ $80K
(4.5%) | |
| Price Decreased | |||
| Jan 17, 2023 | Price Decreased |
$1,699,000
↓ $80K
(4.5%) | |
| Price Decreased | |||
| Jan 17, 2023 | Relisted | $1,779,000 | |
| Relisted | |||
| Dec 21, 2022 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017