117 Lakeland Avenue
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 |
|---|---|---|---|
| Jun 17, 2024 | Sold | ||
| Sold | |||
| Apr 6, 2024 | In contract | - | |
| In contract | |||
| Mar 27, 2024 | Listed by Compass Greater NY LLC | $735,000 | |
| Listed by Compass Greater NY LLC | |||
| | |||
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Located on the captivating West Lake in the Democrat Hill neighborhood of Patchogue Village, this unique 2900 +|- sq ft expanded waterfront ranch delivers striking lake views and the supreme privacy one desires. Step inside where you'll be greeted by a large foyer, formal dining room, piano room with wood-burning fireplace, kitchen, bonus room with vaulted ceilings, 4-seasons room with gas fireplace, primary bedroom with en-suite, 3 additional bedrooms, updated bathrooms and a 2-car attached garage. With direct lake access from your private dock, every day feels like a vacation. Embrace the serenity of lakeside living on your manicured .48 acres. Bring your paddle board, kayak & canoes!
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| Nov 1, 2012 | Sold | ||
| Sold | |||
| May 12, 2008 | Sold | ||
| Sold | |||
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About Patchogue
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017