371 B Locke Road
About This Property
Listed By
Payment Calculator
Your Estimated Monthly Payment
Cap Rate Calculator
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 |
|---|---|---|---|
| May 29, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| May 28, 2026 | Listed by RE/MAX ONE - Premier | $375,000 | |
| Listed by RE/MAX ONE - Premier | |||
| Apr 25, 2026 | Price Decreased |
$399,000
↓ $26K
(6.1%) | |
| Price Decreased | |||
| Apr 1, 2026 | Price Decreased |
$425,000
↓ $25K
(5.6%) | |
| Price Decreased | |||
| Feb 25, 2026 | Listed by RE/MAX ONE - Premier | $450,000 | |
| Listed by RE/MAX ONE - Premier | |||
| |||
|
Here's your opportunity for a luxury lifestyle. The horizon is your neighbor and it gives the best sunsets. Seclusion and exclusivity with a an ultra-short private road. The 194 ft. of shoreline is fully protected by a robust bulkhead and riprap system. Cleared and ready to build your architectural masterpiece here. Enjoy incredible views stretching all the way to the iconic Fred Hartman Bridge. Approximately 30+ pilings already installed, expand into the water, providing a strong head start for creating your private pier for fishing or boating. Although this is prime bayfront property, it is not located in a designated flood zone (buyer to independently verify), offering added peace of mind. Electricity and water originally permitted at this site, but currently disconnected. Contact Entergy on details of electric and Trinity Bay Conservation District for water. Opportunities of this scale and privacy level rarely hit the market. Please do not walk the property without an appointment.
| |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017