2 E Gate 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 |
|---|---|---|---|
| Apr 20, 2026 | Sold | ||
| Sold | |||
| Feb 27, 2026 | In contract | - | |
| In contract | |||
| Feb 14, 2026 | In contract | - | |
| In contract | |||
| Jan 13, 2026 | Price Decreased |
$725,000
↓ $50K
(6.5%) | |
| Price Decreased | |||
| Oct 20, 2025 | Listed by Howard Hanna Coach | $775,000 | |
| Listed by Howard Hanna Coach | |||
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Discover an incredible opportunity to build your dream home in Old Field! This 2.17-acre lot surrounded by natural beauty is perfectly positioned to offer both privacy and endless possibilities. This exceptional offering comes complete with a full set of stunning architectural plans by renowned local Architect, Michael Macrina including detailed floor plans, site plans and exterior renderings providing a clear vision for your future residence.
A tree removal plan, topographical survey and Health Department approval and septic permits are already in place streamlining the building process and saving valuable time and resources. Enjoy all the benefits of Old Field Village living—including private beaches, constable services, and community events—within the award-winning Three Village School District. With so much groundwork complete for a stunning residence and lifestyle opportunity the property offers a limited-edition opportunity to bring your dream to life with ease and confidence!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017