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24 Milton Road
About This Property
This raised 3-level home features 3 bedrooms, vaulted ceilings, sun-filled interiors, an updated kitchen, renovated bathroom, and 2 levels of new decking designed to showcase the breathtaking water views, sunrises, and sunsets that make this location so special.
Set on an oversized waterfront property, many of the major investments have already been completed, including updated pilings and foundation raised to high-level FEMA standards, elevation certification, 120 feet of navy-grade lifetime bulkhead, updated 200 amp electric, 2 Navien on-demand systems, and 4 split systems for cooling.
Move right in or customize to your own vision while enjoying expansive water frontage, premier boating access, and incredible open bay views from every corner of the property.
Experience the exclusive Frederick Shores beach club while being just minutes to Fire Island, Babylon Village, restaurants, shops, the Argyle Theatre, and under an hour from Manhattan.
A rare chance to own a true open bay property with endless potential at a compelling price point.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017