23 Brae 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 |
|---|---|---|---|
| Mar 26, 2025 | Sold | ||
| Sold | |||
| Feb 28, 2025 | In contract | - | |
| In contract | |||
| Feb 13, 2025 | Listed by BisMarc Properties, LLC | $349,900 | |
| Listed by BisMarc Properties, LLC | |||
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Estate: Attention Owner Occupied Buyers, Investors - don't miss out to own rather than rent! Conveniently located just off Sconticut Neck Road, this 1958 traditional style Ranch/Cottage offers 2 bedrooms open living area and kitchen, full shower bathroom, vaulted ceilings with an enclosed year round porch with walkdown open staircase to lower level for laundry/storage/mechanical. Walking distance to water 3/10 mile down the street (see attached photos)! Pope Beach is 2/10 mile. Adorable home with 5,500 square feet of land, shed and garden areas. Not in a flood zone. Opportunity to add additional living space in the enclosed porch by installing electric baseboard or zoned from existing (2 zone heating system).
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| Jun 29, 2009 | Sold | ||
| Sold | |||
| Apr 6, 2009 | Listed by BisMarc Properties, LLC | $199,900 | |
| Listed by BisMarc Properties, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017