2 Leander Road
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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%.
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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 |
|---|---|---|---|
| Feb 10, 2025 | Temporarily off market | - | |
| Temporarily off market | |||
| Feb 7, 2025 | Listed by Douglas Elliman Real Estate | $570,000 | |
| Listed by Douglas Elliman Real Estate | |||
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LAND, Hampton Bays/West Landing Beach
At the corner of Red Creek Road and Leander Road sits this 0.62 acre, approx. 100' x 200' flat lot zoned R-20. Only a quarter mile to the scenic Squire Pond and the picturesque West Landing Beach and the Great Peconic Bay, this builder's dream is among homes currently on the market ranging in size from 2000 sf to 3000 sf and priced from $1.7 million to $2 million. Nearby land on Red Creek Road recently sold for $600,000 (.94 acre) and $300,000 (.27 acre) Do the math, this is a great opportunity.
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| Apr 29, 2024 | Temporarily off market | - | |
| Temporarily off market | |||
| Apr 28, 2024 | Listed by Amy J Ball | $700,000 | |
| Listed by Amy J Ball | |||
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Embrace the opportunity to craft your ideal lifestyle on this pristine parcel of land! With West Landing Beach just moments away, immerse yourself in the beauty of Great Peconic Bay and explore the wealth of natural trails and attractions nearby. Your dream home awaits - seize the moment to envision, build, and live your perfect coastal retreat!"
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| Jul 20, 2021 | Sold | ||
| Sold | |||
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About Hampton Bays
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Data Source: OneKey MLS
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