28775 Main Road
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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.
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Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
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Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 19, 2022 | Sold | ||
| Sold | |||
| Nov 1, 2022 | Sold | ||
| Sold | |||
| Sep 21, 2022 | In contract | - | |
| In contract | |||
| Sep 9, 2022 | Price Decreased |
$1,690,000
↓ $200K
(10.6%) | |
| Price Decreased | |||
| Apr 26, 2022 | Listed by Daniel Gale Sothebys Intl Rlty | $1,890,000 | |
| Listed by Daniel Gale Sothebys Intl Rlty | |||
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Meticulously restored & maintained, the Young's family farmhouse is set on 1.6 acres in Orient, surrounded by preserved open space & farm views. Built in 1869, the house underwent a 1909 renovation, when it was " modernized" to the Greek revival style, expanding the porch, adding a wood burning fireplace, elegant staircase & curved wall enclosing the formal dining room. Original features include second staircase, walk-in pantry, mudroom, hardwood floors & vintage molding reflecting the style of the early 20th century. A 1999 renovation upgraded electric, plumbing, foundation & mechanicals. More recent renovations included radiant floor heat, upgraded kitchen & bathrooms. Close to Orient State Park, Orient Village, Narrow River Rd., Hallock's Bay Beach. Plenty of room for a pool. Home has historic landmark status.
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About Orient
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017