244 Rider Avenue
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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 |
|---|---|---|---|
| May 16, 2024 | Sold | ||
| Sold | |||
| Apr 1, 2024 | In contract | - | |
| In contract | |||
| Mar 8, 2024 | Listed by Eric G Ramsay Jr Assoc LLC | $599,000 | |
| Listed by Eric G Ramsay Jr Assoc LLC | |||
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Gorgeous expanded Ranch located South of Montauk close to town, beach, tennis courts. 2000' of finished living space Featuring New Eat in kitchen with custom backsplash, silestone counters, Samsung smart refrigerator with built in tablet, gas Frigidaire 5 burner Stove with built in air fryer and griddle, farm sink, pantry, and island, huge living room/dining room combo with vaulted ceiling, Primary bedroom suite with full bath (with tub) and walk in closet, 2 additional large bedrooms and full hall bath (with walk in shower), 2.5 car garage with extra tall ceiling and 8' high garage doors, heat and AC plus full staircase leading to a fantastic bonus room that can be used for guests, office, gym and additional attic space for storage! Rocking chair front porch, Partial basement with gas burner and gas hot water heater, 6 zone in ground sprinkler, Central AC, Lovely fully fenced yard with fire pit, deck, patio and extensive perennial plantings. No flood insurance required. True Taxes $10,295 per year plus village tax of $3160 does not include basic star rebate. This is THE ONE you have been waiting for!~
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| Oct 23, 2019 | Sold | ||
| Sold | |||
| Aug 26, 2019 | Sold | ||
| Sold | |||
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About Patchogue
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017