20 Fairharbor Drive #20
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 |
|---|---|---|---|
| Mar 23, 2024 | Listed by RE/MAX Sparrow Realty | $267,000 | |
| Listed by RE/MAX Sparrow Realty | |||
| | |||
|
Welcome to the waterfront community, Fairharbor on the Water! This lovely community boasts a beautiful water side deck to enjoy the spectacular water views! This lovely One Bedroom has much to offer and leaves nothing to be desired, ample space in every part of this home where you can enjoy every aspect with ease and comfort. The master bedroom is well situated with plenty of closets and is open and airy. This home is sure to please from the Quartz counter tops, stainless steel appliances and air conditioning to the hardwood floors and right down to the updated bathroom. This co-op is a must see for your self. Conveniently located in a building with laundry and close to parking, you are sure to be happy living here. The community provides a BBQ area with tables and benches, perfect for entertaining and enjoying the beautiful grounds. Pet-friendly policies ensure that your loving pets are welcome, adding an extra bonus for all of the pet owners out there. Fairharbor even offers the potential for a paid boat slip to add to the amenities and just being steps away I don't think it gets much better than that. The excitement is there with the opportunity to dock your boat just steps away, allowing complete access to your own vessel. Additionally, the community provides storage for paddle boards, kayaks, and bicycles on site. Very close by is downtown Patchogue, with a tremendous amount of restaurants and nightlife. This community is close to the Long Island Rail Road (LIRR) Patchogue station and ensures easy access to NYC, to Montauk and anywhere in between. This community truly is a one of a kind and lovely place to be at any time. You have the opportunity to call this home and all it has to offer you! All utilities(except electric) and taxes are included in the maintenance charges! Qualified buyer's must be 90% LTV with a minimum 700 credit score for Meridian Management Board Approval., Additional information: Appearance:Mint+++
| |||
| Mar 15, 2018 | Sold | ||
| Sold | |||
| Jun 5, 2017 | Listed by Douglas Elliman Real Estate | $119,000 | |
| 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 |
|---|---|---|---|---|---|---|---|
|
03/23/2024
|
1 Bed
|
1 Bath
|
865 ft²
|
$267,000
1 Bed
1 Bath
865 ft²
|
-
-
|
Raymond N Rivera
One Stop Multi Service Inc
| |
|
10/24/2019
| |
1 Bed
|
1 Bath
|
-
|
$199,500
1 Bed
1 Bath
|
$195,000
-2.26%
03/17/2020
|
Brandon Cohen
The Corcoran Group
|
|
07/30/2017
| |
1 Bed
|
1 Bath
|
-
|
-
1 Bed
1 Bath
|
-
-
|
-
|
|
06/05/2017
|
1 Bed
|
1 Bath
|
-
|
$119,000
1 Bed
1 Bath
|
$114,500
-3.78%
03/15/2018
|
Rebecca A. Byrne
Douglas Elliman Real Estate
|
Building Info
About Patchogue
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017