40 Barley Lane #40
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 20, 2023 | Sold | ||
| Sold | |||
| Oct 5, 2023 | Listed by Eric G Ramsay Jr Assoc LLC | $499,000 | |
| Listed by Eric G Ramsay Jr Assoc LLC | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
10/05/2023
|
2 Bed
|
2 Bath
|
1150 ft²
|
$499,000
2 Bed
2 Bath
1150 ft²
|
$511,000
+2.40%
12/20/2023
|
Elizabeth Volavka
Eric G Ramsay Jr Assoc LLC
| |
|
02/20/2020
| |
2 Bed
|
2 Bath
|
-
|
$375,000
2 Bed
2 Bath
|
$370,000
-1.33%
09/11/2020
|
James Clifton
Douglas Elliman Real Estate
|
|
08/22/2018
| |
2 Bed
|
2 Bath
|
1150 ft²
|
$346,000
2 Bed
2 Bath
1150 ft²
|
$335,000
-3.18%
12/31/2018
|
Rima W. Clifton
Douglas Elliman Real Estate
|
|
08/26/2016
| |
2 Bed
|
2 Bath
|
1146 ft²
|
$285,000
2 Bed
2 Bath
1146 ft²
|
$290,000
+1.75%
11/04/2016
|
Edward J. Shine III
Shine Realty Group
|
|
03/10/2013
| |
2 Bed
|
2 Bath
|
1146 ft²
|
$275,000
2 Bed
2 Bath
1146 ft²
|
$275,000
08/09/2013
|
Michael Kelly
Howard Hanna Coach
|
Building Info
About Patchogue
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017