1112 White Pine Drive
About This Property
Also ready to be replatted into 4 separate lots if so desired. There is nothing else like this in Wellington. Lot is clean, clear and leveled.
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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%.
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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 |
|---|---|---|---|
| Oct 10, 2023 | Sold | ||
| Sold | |||
| May 30, 2023 | Listed by LAER Realty Partners Bowen/Wellington | $499,000 | |
| Listed by LAER Realty Partners Bowen/Wellington | |||
| Mar 25, 2022 | Sold | ||
| Sold | |||
| Nov 29, 2021 | Listed by United Realty Group, Inc | $499,900 | |
| Listed by United Realty Group, Inc | |||
| | |||
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Very rare mutli-family over-sized waterfront lot on a cul-de-sac in the heart of Wellington with A rated schools.
Permit ready with all architectural, engineering, surveys, fire suppression, soil samples, etc. ready to go. Also ready to be replatted into 4 separate lots if so desired. All the hard work has been done ready to break ground.
Inflation hedge plus sky high rents and property values in this area. This opportunity will not last, bring in your best offers.
| |||
| May 5, 2021 | Sold | ||
| Sold | |||
Property Highlights
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About South Shore of Wellington
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017