255 Island Meadows
About This Property
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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 |
|---|---|---|---|
| Apr 25, 2024 | Sold | ||
| Sold | |||
| Jan 3, 2024 | Listed by Coldwell Banker Hickok and Boardman | $674,000 | |
| Listed by Coldwell Banker Hickok and Boardman | |||
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** Motivated Sellers due to being under contract in NY ** Dare to dream & find yourself surrounded by almost 17 acres of tranquility. With over 4,400 sq. ft. of finished living space, this home impresses with ease. Quintessential lamp posts & romantic columns form an unforgettable first impression, matched by the awe of the Great Hall upon entry. Vaulted ceilings & plenty of natural light lead the way up the winding staircase to the expansive Great Room - perfect for entertaining, recreation, or an additional living space, with optional separation from the main home. Featuring a private balcony, fireplace, & an incredible view, this wing of the home is the epitome of luxury. In the main house, the kitchen is welcoming & bright, with a large island & new stainless steel appliances. There's plenty of room to thrive, with a fluid floor plan that winds through the formal dining room & large living area, including a bonus sitting space. Upstairs, you'll find an expansive primary suite with a private balcony, walk-in closet, & large Jacuzzi tub. Two additional bedrooms, bathroom, & convenient entry into the Great Room complete the second level. The fully finished basement provides office space, additional hobby area, or the perfect opportunity for an in-home business endeavor or rental situation. The pool/decks are ready to be enjoyed & the greenhouse is a bonus for the dedicated gardener. There is one mile of trail to explore & the wildlife is plentiful. Welcome home!
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| Jun 20, 2014 | Sold | ||
| Sold | |||
| Dec 6, 2013 | Listed by The Marcelino Team | $219,900 | |
| Listed by The Marcelino Team | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017