205 Grange Road
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 19, 2026 | Listed by Douglas Elliman Real Estate | $2,195,000 | |
| Listed by Douglas Elliman Real Estate | |||
| Dec 3, 2025 | Sold | ||
| Sold | |||
| Oct 4, 2025 | In contract | - | |
| In contract | |||
| Aug 22, 2025 | Listed by Douglas Elliman Real Estate | $599,000 | |
| Listed by Douglas Elliman Real Estate | |||
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Location, Location, Location! Nestled in the heart of Southold, this home is in a beautiful neighborhood and in close proximity to a cozy restaurant, the Custer Institute Observatory for gazing at the stars and a charming farm stand just around the corner. The property is delightful, especially the backyard with views of nearby horses grazing. This 3 bedroom, 1 bath home offers the ease of one floor living and is a blank canvas waiting for your personal touch. Hardwood floors throughout and an enclosed sunroom too. Best of all, the big ticket items have been taken care of: Roof is just 3 years young, the boiler was replaced last year and the hot water tank is brand new! With a little TLC, you can create an inviting space that reflects your style. The one car garage and full basement offer additional space for your needs. At this price, it won't last!
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About Southold
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017