255 Prospect Street
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 |
|---|---|---|---|
| Sep 29, 2023 | Sold | ||
| Sold | |||
| Aug 10, 2023 | In contract | - | |
| In contract | |||
| Aug 2, 2023 | Price Decreased |
$485,000
↓ $15K
(3%) | |
| Price Decreased | |||
| Jul 21, 2023 | Listed by Lamacchia Realty, Inc. | $499,900 | |
| Listed by Lamacchia Realty, Inc. | |||
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Welcome to Lake Whalom! This 2 bed, 1.5 bath updated lakefront cottage in desirable Lunenburg neighborhood is ready for YOU to come fill it with memories! Enter in through the front door and you are greeted by a spacious and bright living room with recessed lights, crown molding and wood fireplace. To your left is the updated kitchen with modern s/s appliances, granite countertops, breakfast bar and beautiful view of the lake! The sunroom/dining room provides 2 sliders allowing tons of natural light and picturesque views. A half bath with laundry to complete the main living area. Upstairs provides 2 bedrooms with mini splits in each along with a full bath with a charming barn slider door! Enjoy summer days boating, swimming, kayaking or just relaxing by the water! It doesn’t get much better than this! Convenient location - close to stores, restaurants, shopping and so much more! Impeccable property with many updates throughout. Make your dream of living on the lake come true today!
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| Jun 28, 2023 | Withdrawn | - | |
| Withdrawn | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017