118 Nichter Road
About This Property
As you step inside, you'll be greeted by an inviting open floor plan that effortlessly connects spacious living areas bathed in natural light. The spacious family room is perfect for casual family gatherings or entertaining friends. Enjoy cozy evenings in the walkout great room with its stunning fireplace.
With four generous bedrooms and three full baths, including an exquisite master suite that boasts a luxurious connected bath and walk-in closet, there's no shortage of space for both relaxation and privacy. The additional rooms can easily adapt to your needs-transform them into guest rooms, offices, or playrooms! Full house generator for added security.
Step outside to discover your very own beach and lake access.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Nov 6, 2025 | Sold | ||
| Sold | |||
| Jul 8, 2025 | In contract | - | |
| In contract | |||
| Jun 20, 2025 | Listed by 716 Realty Group WNY LLC | $799,900 | |
| Listed by 716 Realty Group WNY LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017