38 Arbor Road
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 |
|---|---|---|---|
| Jul 9, 2024 | Sold | ||
| Sold | |||
| May 2, 2024 | In contract | - | |
| In contract | |||
| Apr 24, 2024 | Listed by Prospes Real Estate Corp | $1,380,000 | |
| Listed by Prospes Real Estate Corp | |||
| | |||
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Prime Location in Syosset Grove. Stunning 4 Bedroom, 2.5 Bathroom Residence on a Serene Block. Conveniently Located Near All Amenities Yet Nestled in a Tranquil Neighborhood Surrounded by New Homes. Impeccably Landscaped with Sod, Underground Sprinklers, and Wainscoting Throughout. Numerous Upgrades Included at No Extra Charge, Ensuring Every Comfort. Exceptionally Energy-Efficient New Build with Easy Access to Major Roads and Highly Regarded Schools. Proximity to Shopping Centers, including Marshalls.
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| Apr 14, 2015 | Sold | ||
| Sold | |||
| Jul 8, 2014 | Listed by Prospes Real Estate Corp | $948,000 | |
| Listed by Prospes Real Estate Corp | |||
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