23 Cherry Lane
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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 26, 2024 | Sold | ||
| Sold | |||
| Feb 9, 2024 | Price Increased |
$560,000
↑ $61K
(12.2%) | |
| Price Increased | |||
| Feb 6, 2024 | In contract | - | |
| In contract | |||
| Feb 2, 2024 | Listed by Realty Connect USA L I Inc | $499,000 | |
| Listed by Realty Connect USA L I Inc | |||
| | |||
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Welcome Home! This Meticulously Maintained Expanded Cape is Nestled on a Beautiful Tree-Lined Street in the Heart of Lake Grove Village. Step onto a beautiful front porch, the perfect place for your morning coffee. A cozy foyer leads to a spacious Den with large windows allowing for tons of natural light. Step into the bright and airy Eat-In Kitchen with glass sliders leading to a spacious back deck, Perfect for backyard BBQs and entertaining. First Floor also includes one bedroom as well as a bonus sitting room/office and one full bathroom. Head upstairs to a Large Primary Bedroom with plenty of windows allowing for tons of natural light and ample closet space. Enjoy an additional generously- sized bedroom and updated full Bath. This home also includes full/unfinished basement allowing for bonus space and extra storage. Home features also includes an alarm system for extra security and large outdoor shed for extra storage. Within walking distance to public park and close to all major highways and shops. Located near all public transportation and quick drive to LIRR. Enjoy all that Lake Grove Village has to offer! Don't miss out on the opportunity to own your Dream Home!
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| Dec 11, 1998 | Sold | ||
| Sold | |||
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About Lake Grove
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017