220 LORA Street
About This Property
Built by Eastern Shores Construction, architecture by FORM + SPACE, interior design by River & Palm Interiors, and landscaping by Ben Dinkins Landscaping Design-- this home was built to last. Thoughtful design and premium materials maximize flood resiliency and enhance energy efficiency. Created around the non-replicable presence of the mature oak on the property that stands out as a unique feature seldom seen in other new construction homes. The house is built off-grade on concrete foundation pillars and showcases a resilient aluminum metal roof built for longevity in the coastal environment.This home's custom architecture defines coastal luxury with a modern aesthetic. Large, operable windows give the home an abundance of natural light. The additional bonus/flex room on the second story can be used for a home office, work out space, kid play area, and more! The interior's elegant custom finishes give a refined feel in every room, with hand-selected high-end, brand name plumbing fixtures, tile and lighting throughout. Every bedroom features a walk-in closet and an en suite bathroom. With a stunning covered porch and a defined living room on each story, there are endless spaces for entertaining and relaxing. A private well and irrigation make caring for this luscious landscape a breeze. With a private outdoor shower, two gas fireplaces, a dedicated laundry area with extra storage, and 14' ceilings upstairs, there was nothing left out on this amazing new construction home. It truly is a must see!
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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 |
|---|---|---|---|
| Jun 24, 2024 | Sold | ||
| Sold | |||
| Jun 12, 2024 | In contract | - | |
| In contract | |||
| May 13, 2024 | Listed by COWFORD REALTY & DESIGN LLC | $2,400,000 | |
| Listed by COWFORD REALTY & DESIGN LLC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017