13-15 Salt Marsh 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 |
|---|---|---|---|
| May 19, 2023 | Sold | ||
| Sold | |||
| Apr 18, 2023 | In contract | - | |
| In contract | |||
| Apr 10, 2023 | Listed by Louise Condon Realty | $249,000 | |
| Listed by Louise Condon Realty | |||
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Rare Opportunity! Attention contractors and home buyers ready to build your dream home near the water. This 40,000+ sq. ft. corner lot is located on a private residential "cul de sac" off Great Neck Road in the desirable Sunset Cove area. This level lot has over 200 feet of frontage on both Salt Marsh Lane and James Drive. Seller was issued a letter from the town confirming this is a grandfathered buildable lot. Private septic will be required but town water, gas and electric are located on the street. A two-story house could afford gorgeous water views of Shell Point Bay. Just over one mile to Little Harbor Golf Club, Little Harbor Beach and Mass Audubon's Great Neck Wildlife Sanctuary! Shopping and restaurants close by.
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Address: 335 Madison Avenue, New York, NY 10017