38 Colgate Drive
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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.
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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 |
|---|---|---|---|
| Jun 18, 2024 | Sold | ||
| Sold | |||
| Mar 30, 2024 | In contract | - | |
| In contract | |||
| Mar 19, 2024 | Listed by Douglas Elliman Real Estate | $1,999,999 | |
| Listed by Douglas Elliman Real Estate | |||
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This completely redesigned, bottom to top renovation features 5000+ square feet of extraordinary finishes and fixtures. The most desirable street in the College Section,This home delivers a better-than-new-construction experience!! ALL NEW roof, framing, windows, electrical, heating, etc, The floor plan offers a range of optionality to suit your needs with main level living, soaring 12 foot ceilings, oversized bedrooms, and a finished walk-out lower level. Entry foyer leads to a sun-lit living room, large chef's kitchen with gas cooking, dry bar, large waterfall island, open to formal dining room, great room with gas fireplace and french doors leading to 1/2 acre flat, fenced-in property. The primary suite offers a picturesque view from its balcony, walk-in closet which is custom fitted, and a luxurious primary bath. Three additional bedrooms, 2 full baths also on the main level.The home also features hardwood floors, custom mill work, dramatic high ceilings, and numerous light-capturing windows creating a welcoming unplugged ambience. The walk-out lower level features a bonus room perfect for gym, playroom, or office, an additional 5th bedroom, full bath, mudroom, laundry, and access to oversized 2 car garage. 3 zones gas heating, 3 zone central air conditioning. The outdoor veranda is perfect for entertaining. This property presents endless possibilities and easy proximity to shopping, restaurants, LIRR and schools.Plainview school District.
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| Jun 21, 2023 | Sold | ||
| Sold | |||
| Aug 12, 1998 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017