238 Locha Drive
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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%.
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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 6, 2019 | Sold | ||
| Sold | |||
| Nov 9, 2018 | Listed by Waterfront Properties & Club C | $3,400,000 | |
| Listed by Waterfront Properties & Club C | |||
| Jul 30, 2017 | Listed | $3,999,999 | |
| Listed | |||
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Grande Estate residence situated on premiere lakefront lot with scenic panoramic water and golf views. This gracious 9042 sq.ft. home boasts 4 bedrooms, 7 1/2 baths and garages for 4 cars and a golf cart. Custom architectural attention to detail is evident throughout. Upon entering the residence from the gated courtyard with fountain, the double arched iron and glass doors open onto an exquisite entry hall and living room where the finest of upgrades abound. Arched French doors open onto the lanai, oak hardwood floors, fireplace and crown moldings enhance this gracious room. The elegant dining room with built in bar completes the formal living areas.The manager has listed the unit size as 9042 square feet.
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| Apr 2, 1999 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017