151 Lake Ave.
About This Property
Payment Calculator
Your Estimated Monthly Payment
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 |
|---|---|---|---|
| May 9, 2025 | Sold | ||
| Sold | |||
| Mar 7, 2025 | In contract | - | |
| In contract | |||
| Dec 24, 2024 | Price Decreased |
$309,000
↓ $16K
(4.9%) | |
| Price Decreased | |||
| Dec 13, 2024 | Listed | $324,900 | |
| Listed | |||
| |||
|
Discover a unique opportunity at this cottage in West Island Shores, perfect for those with a vision! This property, while in need of some TLC, boasts a charming layout and a fantastic location just moments from the beach. With two bedrooms and a cozy living space, it offers a solid foundation to create your dream retreat. Embrace the potential to renovate and refresh the interiors, making it a personalized haven for relaxation. The outdoor space, surrounded by nature, invites you to imagine a beautiful garden or outdoor entertaining area. Ideal for DIY enthusiasts or investors, this cottage is a blank canvas waiting for your creative touch. Explore the nearby attractions and enjoy the coastal lifestyle, all while crafting a space that reflects your style. Don’t miss this chance to transform this property into a delightful getaway in the beautiful West Island Shores!
| |||
| Apr 4, 2003 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017