3 Cherry Lane
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 |
|---|---|---|---|
| Jul 1, 2024 | Sold | ||
| Sold | |||
| Mar 6, 2024 | In contract | - | |
| In contract | |||
| Feb 26, 2024 | Listed by Q Home Sales | $979,000 | |
| Listed by Q Home Sales | |||
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AIRMONT! TURN KEY!! Bright and spacious 5 bedroom, 4 bathroom colonial set back from the road on .87 acre property. Chef's white eat in granite kitchen and Viking stove. Large dining room and living room. Cozy family room with beautiful stone woodburning fireplace. Great side entrance/mud room. Extended master bedroom suite with architectural ceiling detail. Fantastic finished basement. Expansive flat backyard with lots of privacy. Full house generator. Water softener. Washer/dryer hookup on the main level. Won't last!
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| Jun 24, 2008 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017