2 Terrace 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 |
|---|---|---|---|
| Oct 30, 2019 | Sold | ||
| Sold | |||
| Jun 18, 2019 | Listed by Douglas Elliman Real Estate | $419,990 | |
| Listed by Douglas Elliman Real Estate | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
05/24/2022
|
3 Bed
|
2 Bath
|
-
|
$515,000
3 Bed
2 Bath
|
$515,000
09/23/2022
|
Lisa A. Corwin SRS
Howard Hanna Coach
| |
|
06/18/2019
| |
3 Bed
|
3 Bath
|
-
|
$419,990
3 Bed
3 Bath
|
$412,500
-1.78%
10/30/2019
|
Colleen Davis
VYLLA Homes
|
Building Info
About Patchogue
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Data Source: OneKey MLS
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017