3938 Candle Gate Lane
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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 |
|---|---|---|---|
| Jun 30, 2022 | Sold | ||
| Sold | |||
| May 27, 2022 | Listed by World Wide Realty | $475,000 | |
| Listed by World Wide Realty | |||
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Two-story entry opens to formal dining room and leads to the family room featuring a soaring 18-ft ceiling. Kitchen has GE gas appliances, granite countertops and 42-inch Kent Moore cabinets. Garden tub, separate glass-enclosed shower, double sinks and a walk in closet in the master bath. Large game room upstairs overlooks the entry. Pool added recently. Brand new carpet, Brand new Hardwood floors, newly painted throughout. No neighbors in the back. MUST SEE!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017