3841 Michael Lane
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 |
|---|---|---|---|
| Dec 16, 2022 | Sold | ||
| Sold | |||
| Jun 14, 2022 | Listed by @properties Christie's International Real Estate | $750,000 | |
| Listed by @properties Christie's International Real Estate | |||
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FANTASTIC OPPORTUNITY TO MOVE IN TO YOUR VERY OWN TURN KEY DREAM HOME! RENOWNED BUILDER HAS WORKED TIRELESSLY TO CREATE THE RANCH STYLE HOME OF YOUR DREAMS! A SPACIOUS 2498 SQ FT HOME WITH 4 BEDS & 2.1 BATHS! OPEN CONCEPT LIVING & KITCHEN SPACE! GREAT ROOM FEATURES A FABULOUS GAS START/GAS LOG FIREPLACE & STUNNING BUILT IN BAR! KITCHEN OFFERS HUGE ISLAND AND LOTS OF CUSTOM CABINETRY. ALL NEW WINDOWS & SLIDERS, LOADS OF RECESSED LIGHTING, WIDE PLANK HARDWOOD FLOORING & FABULOUS QUARTZ COUNTER TOPS! THIS INCREDIBLE HOME IS QUALITY BUILT & EXPERTLY RENOVATED! HOME COMES COMPLETE WITH FULL FINISHED BASEMENT & ATTACHED 2 CAR GARAGE! LUSH GREEN SURROUNDINGS IN A HIGHLY DESIRED NEIGHBORHOOD! CLOSE TO SHOPPING, DINING & AWARD WINNING SCHOOLS! DON'T LET THIS OPPORTUNITY SLIP AWAY! **PHOTOS ARE OF PREVIOUSLY COMPLETED HOMES BY THE CONTRACTER**
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| Dec 29, 2021 | Sold | ||
| Sold | |||
| Nov 24, 2021 | Listed by @properties | $396,000 | |
| Listed by @properties | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017