25
Map
1158 Lorraine Drive
About This Property
Living Room with Fireplace and Skylight. Formal Dining room. High hats throughout. Open concept kitchen with breakfast nook. Updated full bathroom, Hardwood floors, 3 large bedrooms with plenty of closest and storage. 2nd floor offers a large bonus rooms / den /office /bedroom or anything you desire.
Full finished large Basement which can be any space you wish. Lots of closets and updated 2nd Full bath. Separate updated Laundry Room with updated Washer and Dryer. Recently updated Electric panel, Oil burner, and Central air. Outside entrance from basement to driveway and attached Garage.
Landscaped grounds with Underground sprinkler systems. Covered Patio, large yard. Estate sale being sold as is.
Public records estimates Liv Sqft 1,562. Bonus Living Sqft in full finished basement.
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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 |
|---|---|---|---|
| Oct 8, 2025 | Sold | ||
| Sold | |||
| Aug 7, 2025 | In contract | - | |
| In contract | |||
| Jun 5, 2025 | Listed by RE/MAX Beach West | $824,999 | |
| Listed by RE/MAX Beach West | |||
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About Franklin Square
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Data Source: OneKey MLS
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Address: 335 Madison Avenue, New York, NY 10017