Lot 31 Arbor 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 |
|---|---|---|---|
| Apr 17, 2012 | Sold | ||
| Sold | |||
| May 17, 2011 | Listed by Barrett Sotheby's International Realty | $504,900 | |
| Listed by Barrett Sotheby's International Realty | |||
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This 4 bedroom home is under-construction within the fast-selling, Academy Hill subdivision. This home is located at the end of our Arbor Way cul-de-sac. Enjoy the serene surroundings and views of the Groton area. Nearby area amenities include walking/hiking trails, Squannakook River Wildlife Management Area, and over 200 acres of conservation land on-site. Shopping areas are just around the corner. $120 per year association fee. $5000 seller credit incentive with P&S by 2/29/2012
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017