120 LANCASTER Place
About This Property
This direct oceanfront home has approximately 40' of ocean frontage accessed by a community walkover which adjoins this home. Home features a large great room with high ceilings, wood accent, spacious kitchen, three bedrooms, 2 baths, master suite with ocean views, a double garage with shower & a deck on the oceanside to start your day off with spectacular sunrises! This is a small one street community with only 12 lots total. Some Upgrades include: July 2021 Two CH/A Units, 2019 New Kitchen Appliances, 2017 Architectural Shingle Roof, 2016 New Deck. No rentals allowed. Total under roof sq' is 4492. MUST SEE!
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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 |
|---|---|---|---|
| Nov 22, 2022 | Sold | ||
| Sold | |||
| Jun 6, 2022 | Listed by CENTURY 21 BECKHAM REALTY | $1,790,000 | |
| Listed by CENTURY 21 BECKHAM REALTY | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017