324 Lake Drive
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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%.
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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 |
|---|---|---|---|
| Jul 14, 2025 | Sold | ||
| Sold | |||
| Apr 30, 2025 | In contract | - | |
| In contract | |||
| Apr 16, 2025 | Listed by Howard Hanna Rand Realty | $325,000 | |
| Listed by Howard Hanna Rand Realty | |||
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Discover the allure of Lake Peekskill with this exceptional cottage, offering the ultimate lake life experience and a year-round vacation lifestyle. Embrace the everyday retreat you've always dreamed of complete with lake rights and access to three pristine beaches – Carrara's, North Beach, and Singers – on a serene, non-motorboat lake. Immerse yourself in nature's beauty with kayaking, fishing, swimming, hiking trails, and breathtaking panoramic views. Inside, the home welcomes you with a bright and airy family room showcasing captivating lake vistas visible right through your windows. A seamless flow is further enhanced with a dedicated dining area, perfect for creating memorable mealtime experiences, and a well-appointed modern kitchen adorned with spectacular cabinetry and granite countertops. Enjoy the desirable convenience of first-floor bedrooms, offering a comfortable and functional layout, perfect for those seeking single-level living or simply appreciate the ease of having bedrooms on the main floor. Step outside onto the deck and bask in the serenity of the lake life. The downstairs bonus room provides versatile space, perfect for a guest bedroom or recreation area. Convenience is key, with a short walk to the lake and beaches ensuring effortless living. This idyllic retreat is also situated near town shops and schools, with a short 60-minute ride to NYC. Don't miss the opportunity to own your slice of paradise and create lasting memories in this charming cottage!
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| Mar 29, 2018 | Sold | ||
| Sold | |||
| Jan 29, 2018 | Sold | ||
| Sold | |||
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About Putnam
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017