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116 SHER LANE
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%.
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 |
|---|---|---|---|
| Sep 29, 2026 | Sold | ||
| Sold | |||
| Sep 15, 2026 | In contract | - | |
| In contract | |||
| May 15, 2026 | Listed by ALL FLORIDA PROPERTY GROUP,INC | $234,900 | |
| Listed by ALL FLORIDA PROPERTY GROUP,INC | |||
| Jan 13, 2025 | Listed | $229,000 | |
| Listed | |||
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Welcome to Traders Cove, where vibrant community living meets serene riverside charm. Nestled within this desirable 55+ community, discover your perfect retreat in this extra large 2 bedroom, 2 bathroom home, boasting an additional bonus room for a total of 1,959 square feet of spacious comfort. The open-concept living area seamlessly connects the cozy living room, ideal for relaxing evenings, around the wood burning fireplace, with the oversized kithen featuring a large island. Two generously sized bedrooms, each offering tranquility and privacy. The master suite provides a peaceful sanctuary, complete with an en-suite bathroom. The second bedroom is perfect for guests or can be transformed into a versatile home office or hobby space to suit your lifestyle. Beyond the main living areas, a versatile bonus Florida room awaits, ready to accommodate your unique needs. Whether you envision a cozy den, a sunny home gym, or a tranquil reading nook, or game room, this flexible space offers endless possibilities to personalize your home. Outside, embrace the beauty of Traders Cove living with access to a wealth of community amenities. Spend leisurely afternoons lounging by the sparkling pool or socializing with neighbors in the clubhouse. For the outdoor enthusiast, the community provides direct river access and a convenient boat dock, perfect for exploring the scenic waterways and enjoying endless days of boating and fishing. Conveniently located near shopping, dining, and entertainment options, as well as easy access to major highways, this home offers both tranquility and convenience. Don't miss your opportunity to experience the best in 55+ living at Traders Cove. Schedule your showing today and make this your new home sweet home!
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| Jul 15, 1992 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017