3 Leather Ln
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 17, 2020 | Sold | ||
| Sold | |||
| Feb 4, 2020 | Listed by Keller Williams Realty Evolution | $869,000 | |
| Listed by Keller Williams Realty Evolution | |||
| Jul 10, 2015 | Sold | ||
| Sold | |||
| May 26, 2015 | Listed by Coldwell Banker Realty - Manchester | $684,900 | |
| Listed by Coldwell Banker Realty - Manchester | |||
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Welcome to Leather Lane. A quiet side street off of Hale Street within shouting distance to West Beach. This residence is fully rebuilt from the studs. New electric, New plumbing, new heating system, new roof, new windows are just a few of the major restoration overhaul and upgrades. Finishes were chosen carefully to match the character and complexity of the property. Three Leather Lane also comes with an exclusive right to have a pass to West Beach (Beverly's finest and exclusive private beach). Three and a half new bathrooms with four bedrooms and a new designer kitchen all with excellent finishes. Other features of the home include, first floor master (with walk in closet), two working wood burning fireplaces, high end kitchen appliance package, hydro air AC, refinished hardwood, out door patio, attached garage, four season sun room and pristine nature surroundings.
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| Mar 6, 2015 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017