40 Capstan Road
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 |
|---|---|---|---|
| Aug 4, 2015 | Sold | ||
| Sold | |||
| Jan 13, 2015 | Listed by United Real Estate Associates | $169,000 | |
| Listed by United Real Estate Associates | |||
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Great lot in a great location, brand new vinyl bulkheading and the lot has been cleared, architectural plans have been drawn for a 2260 sq ft. + or -, 3/4 bedroom house with 2 1/2 bath home that has it all. Spacious rooms, lots of decking, two car garage and it fits onto the footprint of the prior home so all that is neede is a building permit. Keep in mind, this lot is two lagoons from the open bay and extremely close to the inlet for the fishing enthusiasts. Don't Wait!
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| Mar 15, 2012 | Sold | ||
| Sold | |||
| Apr 21, 2011 | Listed by United Real Estate Associates | $149,000 | |
| Listed by United Real Estate Associates | |||
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A wonderful opportunity to get on the water in a great location and great price, only a minute from the bay, as you enter the lagoon by boat this is the second house on the starboard side. The value is int he land, home is a handy-man and is being sold as is.,
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017