3 Mayhew Way
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 |
|---|---|---|---|
| Nov 16, 2023 | No longer available | - | |
| No longer available | |||
| Oct 17, 2023 | Price Decreased |
$2,900,000
↓ $550K
(15.9%) | |
| Price Decreased | |||
| Oct 16, 2023 | Listed by Island Real Estate | $2,900,000 | |
| Listed by Island Real Estate | |||
| | |||
|
LOCATION, BEAUTY, PRIVACY AND EASE ... A unique, sprawling single story home sited in a private, gorgeous, landscaped property with a brand new custom pool 18x38, spa, and pool house 14x30. All designed by top Island design groups. The property is located in the desired Tower Ridge Private Community with abundant Common areas and right across from Farm Neck Golf Club. This is one of the best Island locations for easy and quick access to restaurants, shopping, bike paths, beaches, golf and tennis. From the house, you look through a wall of windows and French doors out to a large deck and blue stone patio, surrounded by Donaroma designed gardens and a beautiful stone wall. This area is back dropped by common area woodland and provides you with a sense of total serenity and seclusion. From the patio, you will look over lawn and gardens to the custom pool, spa and pool house totally secluded by landscaping and woodlands. As you step into the house, you enter a foyer that welcomes you into a great room with a large Rumford fireplace. On either side of the foyer, you have a room set up as a cozy TV room and a flexible room that is used as an additional sitting room, providing ample The manager has listed the unit size as 1976 square feet.
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| Oct 7, 2023 | No longer available | - | |
| No longer available | |||
| Sep 20, 2023 | Price Decreased |
$3,149,000
↓ $301K
(8.7%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017