38 Lagoon Drive W
About This Property
As you step inside, you'll immediately be captivated by the seamless blend of modern updates and timeless charm. The spacious living areas are bathed in natural light, creating a warm and inviting ambiance throughout. The open floor plan allows for effortless flow between rooms, ideal for both entertaining and everyday living.
The kitchen features granite countertops and is conveniently located adjacent to the dining room. The bedrooms are generously sized and offer a peaceful retreat after a long day. With ample closet space and large windows that frame picturesque views of the surrounding landscape, these bedrooms are both cozy and inviting.
One of the highlights of this home is the fully enclosed porch located off the backyard. This versatile space provides the perfect spot for relaxation or entertainment, allowing you to enjoy the breathtaking waterfront views no matter the season. Imagine sipping your morning coffee or hosting a barbecue with family and friends while enjoying the tranquil ambiance of the waterfront setting.
Speaking of waterfront, this property boasts a brand new vinyl bulkhead, ensuring the utmost durability and maintenance-free enjoyment. The recently dredged lagoon, situated just a few lots away from the open water, offers easy and convenient boating access. Whether you're an avid boater or simply enjoy the serenity of living by the water, this location is a dream come true.
This waterfront home combines the tranquility of waterfront living with the convenience of nearby amenities. Enjoy easy access to local shops, restaurants, and recreational activities, as well as proximity to major transportation routes for effortless commuting.
Don't miss the opportunity to make this waterfront oasis your own.
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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 |
|---|---|---|---|
| Sep 5, 2023 | Sold | ||
| Sold | |||
| Jun 14, 2023 | Listed by Real Broker, LLC | $699,000 | |
| Listed by Real Broker, LLC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017