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2527 Cornerstone Lane
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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 |
|---|---|---|---|
| Sep 29, 2018 | No longer available | - | |
| No longer available | |||
| Sep 26, 2018 | Sold | ||
| Sold | |||
| Aug 22, 2018 | Price Decreased |
$835,000
↓ $15K
(1.8%) | |
| Price Decreased | |||
| Jul 17, 2018 | Price Increased |
$849,900
↑ $15K
(1.8%) | |
| Price Increased | |||
| Jun 11, 2018 | Listed | $835,000 | |
| Listed | |||
| | |||
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REDUCED AND MOTIVATED in GATED community! This TURNKEY 3-bedroom (possible 4-bedroom), 2.5 bath home has the potential to be transformed into a 4-bedroom home, which would also create a bedroom on the main level. This east-facing house does not have street noise. The kitchen is open to the family room for entertaining. Kitchen upgrades include granite counters, stainless appliances, pull out drawers and walk-in pantry. The formal dining room has custom built-ins and a swing patio door to access the yard. This low-maintenance, quiet yard has a gas line ready for a BBQ and is plumbed for a fountain. The first floor also offers a formal living room with gas fireplace that could be converted to a 4th bedroom. Upstairs the luxurious master suite has plenty of natural light and offers a modern yet rustic custom barn door that leads into the oversized bathroom. There you will find a dual vanity area, separate shower with glass door, soaking tub, and a huge walk-in closet. Two more bedrooms with impressive walk-in closets, a laundry room, and full bathroom complete the upstairs. This Plan 2BR has impressive details like: new blinds, dual pane windows, dual zone capable HVAC, built-in garage storage, whole house vacuum with hose and attachments, insulated garage door, osmosis system and water softener. Parking for 4 cars. Low HOA. No Mello Roos. Play area. Steps to Costa Mesa Golf and Country Club. Great investment property too! The manager has listed the unit size as 2191 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017