2 Margaret 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%.
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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 |
|---|---|---|---|
| Oct 17, 2017 | Sold | ||
| Sold | |||
| Jul 30, 2017 | Listed | $510,000 | |
| Listed | |||
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It's not every day that a home, this pristine, comes on the market. Welcome to 2 Margaret Lane! No detail has been overlooked in the design or care of this four-bedroom, 2.5-bath home, situated on a corner lot in Lee's premier neighborhood. As you enter the home you'll note the pristine floors and spacious foyer, leading you directly to the formal living room on the left. To the right of the door, is a large dining room, perfect for large gatherings. As you walk through the front hall you'll note the oversized window in the kitchen. This window, along with all larger windows in the home, captures wonderful natural light and offers a glimpse to the beautiful gardens just outside. You can't help but be captured by the amazing kitchen! The warm cabinets, offset by the perfect granite color, make this a kitchen you will adore. Plenty of counter and cabinet space as well as a walk-in pantry. Just off the kitchen is a front-to-back living room, with wood burning fireplace and easy access to your deck. The second floor offers four very generously sized bedrooms, plus a dedicated office/study/playroom with French doors. Walk-up third floor provides abundant storage or options for finishing if you'd like more space. Oh, and did we mention the pool? What's not to like about summer fun right in your backyard? This home is remarkable! Showings to begin on Saturday June 17th, 2017The manager has listed the unit size as 3354 square feet.
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| Jun 11, 2017 | Listed by Bean Group / Portsmouth | $510,000 | |
| Listed by Bean Group / Portsmouth | |||
| May 17, 2005 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017