232 Lake Drive
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 |
|---|---|---|---|
| Apr 15, 2026 | Sold | ||
| Sold | |||
| Mar 5, 2026 | In contract | - | |
| In contract | |||
| Jan 23, 2026 | Price Decreased |
$849,900
↓ $50K
(5.6%) | |
| Price Decreased | |||
| Jan 9, 2026 | Listed by Re-yes Real Estate | $899,900 | |
| Listed by Re-yes Real Estate | |||
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Beautifully renovated 3-bedroom, 3-bathroom home in desirable South Hamilton near Pleasant Pond. Fully gutted and rebuilt with new roof, windows, HVAC, electrical, heating system, vynil siding, hardwood floors, new deck, and new balcony. Features a new eat-in kitchen, dining room, bright living room, and a heated, insulated all-season porch. First floor also includes a full bathroom with laundry hook-up and an additional room with closet—ideal for a guest room or office. Upstairs offers a spacious primary suite with his-and-hers closets and en-suite bath, plus two more bedrooms and a full bath. Thoughtful layout, quality updates, and a prime location make this home move-in ready.
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| Dec 9, 2025 | Temporarily off market | - | |
| Temporarily off market | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017