40 Green Meadow 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 |
|---|---|---|---|
| Sep 12, 2023 | Sold | ||
| Sold | |||
| Jun 14, 2023 | In contract | - | |
| In contract | |||
| Jun 5, 2023 | Listed by Keller Williams Realty | $1,500,000 | |
| Listed by Keller Williams Realty | |||
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This waterfront property is ready for new owners with vision and a keen eye for detail. Located at the end of a long, private driveway, this home offers stunning views of Green Pond & 1/9th ownership of the association’s dock located just a short distance from the property. A 3-season sunroom & front porch are perfect for watching the boats go by, while inside offers a kitchen, dining area and living room that keeps those views in sight. On the lower level, the one car garage opens to a laundry area, bathroom, & a finished family room. But make no mistake, to enjoy all this, you’re going to have to put in some work. There is significant mold in the living room & hallway due to a leak in the roof; the main water meter shut off does not work; and the septic needs to be repaired and/or replaced & will be buyers responsibility. The home is being sold in as-is condition; The reward will be worth the efforts!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017