245 Mill Road
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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 |
|---|---|---|---|
| Nov 19, 2025 | Sold | ||
| Sold | |||
| Nov 1, 2025 | In contract | - | |
| In contract | |||
| Feb 12, 2025 | Listed by Brown Harris Stevens W Hampton | $3,995,000 | |
| Listed by Brown Harris Stevens W Hampton | |||
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Discover luxurious living in the heart of Westhampton Beach Village with this beautifully designed new construction home. This stunning residence seamlessly blends timeless charm with modern amenities, offering the pinnacle of Hamptons living. This home features 7 total bedrooms, 6 full baths, and 1 half bath, spread across 4,878+/- square feet of living space on a 0.81-acre lot. To be completed in 2025, the two-story residence is designed to the highest standards. The home boasts hardwood flooring throughout its 12 rooms, including an entry foyer, living room, family room, primary bedroom with en suite bathroom and walk-in closet, kitchen and breakfast area, laundry room, and a first-floor primary bedroom and bathroom. The living spaces are complemented by a cozy fireplace and hydro forced air heating. The eat-in kitchen, with quartz countertops, is equipped with an oven/range, refrigerator, dishwasher, and microwave. The exterior is just as impressive, featuring an in-ground, gunite, heated pool measuring 18' x 36', and a deck perfect for outdoor entertaining. For added privacy, 12-foot Leyland cypress trees line the property. Be part of the vibrant Westhampton Beach community with this unparalleled offering. Don't miss the chance to own a piece of Hamptons luxury living. Currently construction is well underway and to be ready for occupancy by Memorial Day 2025.
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| Oct 3, 2024 | Sold | ||
| Sold | |||
| Mar 4, 2024 | In contract | - | |
| In contract | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017