2016 W Lake Drive
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 |
|---|---|---|---|
| Aug 19, 2024 | Sold | ||
| Sold | |||
| Jul 15, 2024 | In contract | - | |
| In contract | |||
| Jun 26, 2024 | Listed by Circa Real Estate LLC | $839,000 | |
| Listed by Circa Real Estate LLC | |||
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This property offers unparalleled views of the water and is the prime spot for watching the annual 4th of July fireworks show and boat parade. Surrounded by towering pine trees, the home boasts a stunning wraparound deck, complete with a hot tub, creating an ideal space for relaxation and outdoor entertaining. The ample lakeside lawn invites you to host memorable gatherings with family and friends. Boating enthusiasts will appreciate the two-slot boat dock equipped with hydraulic lifts, additional room for a jet ski, and a dedicated boat room storage space. Inside, natural light pours into the living area through two-story windows that offer a wide, breathtaking view of the lake. The home features two master suites, each with stunning lake views, and a total of four full bathrooms. Each bedroom comes with its own private bathroom, ensuring comfort and privacy for all.The property boasts a circle driveway a privacy fence, and an automatic gate, providing both security and ease of access
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017