36 Red Spring Lane
About This Property
Highlights include a 12-zone sprinkler system covering the front, side, and rear yards; a primary suite with a walk-in closet, terrace, and full bath; and a finished basement that provides additional living or recreation space. The home is further upgraded with a new roof, new boiler, central air conditioning, and ample private parking.
Perfectly situated near beaches, parks, golf courses, and the LIRR, this property offers convenient access to both leisure and commuting options.
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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 14, 2026 | Sold | ||
| Sold | |||
| Feb 1, 2026 | In contract | - | |
| In contract | |||
| Dec 19, 2025 | Price Decreased |
$1,099,000
↓ $46K
(4%) | |
| Price Decreased | |||
| Nov 22, 2025 | Price Decreased |
$1,145,000
↓ $50K
(4.2%) | |
| Price Decreased | |||
| Oct 11, 2025 | Listed by E Realty International Corp | $1,195,000 | |
| Listed by E Realty International Corp | |||
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About Glen Cove
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$2,650 /mo
- Studio
- 1 Bath
- 570 ft²
$9,000 /mo
- 4 Beds
- 3 Baths
- 1,961 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017