26 Alder 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 |
|---|---|---|---|
| Jun 16, 2023 | Sold | ||
| Sold | |||
| Mar 24, 2023 | In contract | - | |
| In contract | |||
| Feb 7, 2023 | Listed by Phillips Premier Properties, LLC | $799,900 | |
| Listed by Phillips Premier Properties, LLC | |||
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What could possibly be better than sitting back and enjoying the beautiful sunrise/sunsets on your own private beach! This cozy Waterfront property offers just under half an acre of land with the most breathtaking ocean views all while being located on highly sought after West Island! A few steps away from the water and overlooking the marina, this property is truly a slice of heaven. The home is equipped with an impressive 16' retaining sea wall which not only provides exceptional protection from storms but has a beautiful aesthetic feel. Spend winter nights relaxing with a book while overlooking the ambiance of a crackling wood stove. Enjoy the convenience of your own private beach or venture out to West Island Town Beach which is within a 1 mile span, making summertime consist of endless entertainment. Dock your boat a short 10 min stroll away at the West Island Marina, Off The Hook Bar & Grill, & Hoppy’s Landing, you’ll find yourself indulging in all Marina life has to offer
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| Jan 31, 2023 | Temporarily off market | - | |
| Temporarily off market | |||
| Jan 12, 2023 | Price Decreased |
$799,999
↓ $50K
(5.9%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017