1504 Penny Lane
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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 |
|---|---|---|---|
| Mar 31, 2023 | Sold | ||
| Sold | |||
| Feb 21, 2023 | Listed by Worth Clark Realty | $949,990 | |
| Listed by Worth Clark Realty | |||
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Welcome to this exquisite property, where luxury and elegance come together to create the perfect home. From the moment you step inside, you'll be greeted by a stunning foyer with soaring ceilings and a grand staircase that will take your breath away. This home has been meticulously cared for with upgrades throughout. Over $80,000 in upgrades since the sellers bought this gem that supplements the $120k prior! The gourmet kitchen boasts stainless steel appliances, oversized pantry storage, quartz countertops and tons of countertop space for a chef's dream come true or the big family needing space and storage! Expansive living areas are perfect for entertaining guests with ample natural light pouring in through the large windows leading out to the outdoor space that's just as impressive, with a beautifully landscaped backyard, perfect for hosting summer barbecues or enjoying a quiet evening under the stars and dining while overlooking the custom pool and natural stone waterfall features.
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| May 21, 2020 | Sold | ||
| Sold | |||
| Mar 20, 2020 | Listed by Stephen Montagna | $629,000 | |
| Listed by Stephen Montagna | |||
Property Highlights
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About Overton Ridge
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017