3 West Drive
About This Property
A welcoming entry foyer opens into expansive, sunlit living and dining spaces with high ceilings and oversized windows. The open floor plan is ideal for easy, everyday living and entertaining alike.
The primary suite is tucked away and features a spacious walk-in closet and en suite bath. Three additional bedrooms and full baths offer flexibility for guests or home office. A dedicated first floor laundry room and spacious 2+ car garage complete the floor.
A rare opportunity for effortless, first-floor living in one of Long Island's most charming and convenient neighborhoods.
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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.
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About Manhasset
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Data Source: OneKey MLS
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017