31 Queen Drive
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 |
|---|---|---|---|
| Mar 21, 2024 | Sold | ||
| Sold | |||
| Jan 16, 2024 | In contract | - | |
| In contract | |||
| Dec 21, 2023 | Listed by Douglas Elliman Real Estate | $450,000 | |
| Listed by Douglas Elliman Real Estate | |||
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A spacious and lush location is the theme for this sizable property in Sound Beach. This wide line Cape style home features three bedrooms, two bathrooms and includes one-bedroom legal accessory apartment or mother daughter opportunity on the upper level, with separate entrance. The upper level has a vaulted king bedroom and living room ceilings while the first floor boasts a large living room with wood burning fireplace, dining room, two bedrooms, one full bathroom, and eat in kitchen with sliders to a lovely yard with deck and pond. More highlights include a full basement, and it is just two blocks from Long Island Sound. There are two separate electric meters-200 AMP electric on the first floor, & 100 AMP on the 2nd floor. Lastly, there is oil heat, a one-car attached garage, in-ground sprinklers, cedar shingles, new roof & hot water heater.
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About Sound Beach
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$9,500 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017