38 Hempstead 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 |
|---|---|---|---|
| Aug 15, 2024 | Sold | ||
| Sold | |||
| Jun 25, 2024 | In contract | - | |
| In contract | |||
| Jun 15, 2024 | In contract | - | |
| In contract | |||
| May 28, 2024 | Listed by Signature Premier Properties | $479,000 | |
| Listed by Signature Premier Properties | |||
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Well Built 3 Bedroom, 2 Bath Ranch. Spacious Rooms. Updated Kitchen w/Lots of Custom Cabinets, Granite Countertops and LP Gas Stove. Hardwood Floors Throughout Except in Kitchen & Baths. Updated Hall Bath w/Newer Vanity & Stone Top. Ceiling Fans, Hi Hat Lighting & Thermopane Windows. Andersen French Door in the Den. Primary BR has Bath w/Shower. Additional 2 Large Bedrooms. Lots of Closets. First Floor Laundry or Basement Hookup. Attached 1 1/2 Heated Garage. Full Basement for Additional Storage w/Inside Entrance & Exterior Bilco Door. Newer Burner Head & New Oil Tank in the Basement. Large Flat Property. Room for a Pool. Shed w/hookup for RV. Central A/C for Summer Comfort & LP Gas Stove in the Den the for Winter Chill. Taxes with Basic Star are $9532.42.
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| Dec 4, 2002 | Sold | ||
| Sold | |||
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About Sound Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017