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4 Shipman Lane
About This Property
A retro-inspired kitchen brings a unique blend of style and function, while updates such as new cesspools and landscaped gardens enhance comfort and livability. Its desirable location near Stony Brook Village, the train station, and Stony Brook University provides convenient access to shopping, dining, and cultural amenities.
Offering an ideal combination of charm, character, and location, this home presents a rare opportunity to enjoy the best of village living in one of Long Island's most treasured communities.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017