116 Lancaster Ave
About This Property
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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 |
|---|---|---|---|
| Dec 18, 2024 | Sold | ||
| Sold | |||
| Oct 27, 2024 | In contract | - | |
| In contract | |||
| Oct 10, 2024 | Listed by Naples Realty Group | $335,900 | |
| Listed by Naples Realty Group | |||
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Welcome home! This charming, fully renovated ranch in the desirable Tatham neighborhood is just steps from Mittenague Park. Perfect for first-time buyers or those downsizing, it features a detached one-car garage and a beautifully landscaped yard.With recent updates including a new roof, replacement windows, siding, and an entry door—all about 5 years old—this home is move-in ready. Inside, you’ll find refinished hardwood floors, a cozy living room with a corner fireplace, a bright dining area, and a remodeled kitchen with plenty of storage. Two spacious bedrooms and a sparkling full bathroom complete this inviting space. Don’t miss this fantastic opportunity!
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| Jul 31, 2015 | Sold | ||
| Sold | |||
| May 29, 2015 | Listed by Berkshire Hathaway HomeServices Realty Professionals | $144,900 | |
| Listed by Berkshire Hathaway HomeServices Realty Professionals | |||
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How sweet it is! So adorable is this sided ranch located in an absolutely wonderful Tatham neighborhood right near Mittenague Park is the ideal home if you are just starting out, perhaps downsizing or as a great alternative to condo living with a 1 car detached garage set on a pretty yard. As per Owner, the roof is approximately 12 years old, there are several replacement windows, maybe but not sure if there are wood floors under carpeting, gas heat & top of the line Utica Boiler. Delightfully deceiving from the outside and once you enter you'll find a warm & comfortable home w/a spacious, bright & lovely living room w/corner fireplace open to the charming dining rm/area that is open to the kitchen with plenty of cabinets & counter space, 2 generous bedrooms w/good closet space & sparkling full bathrm. All this home needs is the creative buyer that can appreciate the potential & all the possibilities to bring this charming home full circle into the enchanting home it truly is!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017