116 Quail Drive
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 |
|---|---|---|---|
| Nov 10, 2022 | Sold | ||
| Sold | |||
| Mar 23, 2022 | Listed by Emerald Properties | $325,000 | |
| Listed by Emerald Properties | |||
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Uniquely wonderful property! Being “on the water” is much easier when you own your own boat ramp for easy launching, and a dock where you can tie up as you please! This exceptional property is comprised of 2 elevated canal lots with concrete bulkhead. It has a circular driveway and large pebbled concrete parking area which makes launching boats a breeze and offers plenty of space for additional parking. This “Dutch gable” design building is a remodeled boat barn (approx 30x60). Recent metal roof. Vaulted ceiling with 6 inch I-beam. The living area inside the huge storage building could very easily be a separate apartment. It has a bathroom with shower, and a kitchen. Amazing potential! The building faces S/SE, catching summer breezes and winter sunshine and is located at the end of a quiet culdesac; a peninsula surrounded on 3 sides by water. You can call this a barndominium, boat barn, fish camp, or artist's studio. Anything you want! Don't miss this chance to call it home!
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| Aug 15, 2020 | No longer available | - | |
| No longer available | |||
| Mar 7, 2020 | Listed | $329,500 | |
| Listed | |||
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I am a very unique waterfront property built of concrete block for stoutness and am boasting a newly installed R-panel metal roof. I am situated on 2 bulk headed lots that are highly elevated and have my own professionally built boat ramp. There is approx. 10,000 sq.ft.of pebbled concrete allowing for an abundance of patio, parking area and having the convenience of a circle drive. This is the ultimate boat barn/man cave complete with a 6" I-Beam with lift trolley running the length of the building, a full kitchen, dining, living, full bath and sleeping area. Additional interior amenities include a mini split for heat and A/C, LED lighting, 2 floor drains, storage room and a work bench The exterior electric service has been recently replaced and there is both a 30 and 50 Amp service for an RV hookup with septic dump. I have a 5" x 20" boat dock on the waterfront. There was no water into this building from Harvey and very little damage at all. The manager has listed the unit size as 1450 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017