222 Cherry 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 |
|---|---|---|---|
| Mar 16, 2026 | Sold | ||
| Sold | |||
| Jan 27, 2026 | In contract | - | |
| In contract | |||
| Dec 17, 2025 | Listed by Brown Harris Stevens of PB | $5,850,000 | |
| Listed by Brown Harris Stevens of PB | |||
| | |||
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Wonderful lot with architectural plans available to build a great family home or to build your dream house. 10,000 sq ft lot, 125 x 80. Convenient central location on the North end of the island. A truly unique situation at a great price point on the Island! Nice quiet street close to town, beaches, bike trail.
| |||
| Jun 2, 2025 | Sold | ||
| Sold | |||
| Feb 28, 2025 | In contract | - | |
| In contract | |||
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About Cherry Lane
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
$9,000 /mo
- 3 Beds
- 1 Bath
- 1,296 ft²
$7,750 /mo
- 3 Beds
- 2 Baths
- 1,835 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017