40 Noreast Drive
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 |
|---|---|---|---|
| Oct 20, 2023 | Sold | ||
| Sold | |||
| Aug 23, 2023 | In contract | - | |
| In contract | |||
| Aug 16, 2023 | Listed by Gibson Sotheby's International Realty | $879,000 | |
| Listed by Gibson Sotheby's International Realty | |||
| Nov 6, 2020 | No longer available | - | |
| No longer available | |||
| Sep 24, 2020 | Listed | $639,000 | |
| Listed | |||
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Sagamore Beach Colonial.What's not to love! An Impeccable 9+ room home with all the space you need to live, work and play located down the road from a glorious ocean beach for endless walks and enjoyment, At home the backyard features a beautiful inground pool with patio and deck, outdoor shower and garden areas. You will live in the great room which features lots of natural light, vaulted ceilings, attractive gas fireplace and glass paneled pocket doors to open or close depending on your plans. At the heart of the home is a fantastic ''cooks'' kitchen with stainless appliances, gas range, work island and granite counters with seating and a bank of oversized pantry cabinets adding to the cabinet storage. The kitchen includes an informal dining area that flows into the formal dining room.The warm and inviting front formal living room provides space for quiet conversation or could function as a wonderful home office.Gleaming hardwood floors flow through the main floor living area up the stars to the second floor bedrooms. An oversized bonus area functions well as an office, workout room or gameroom and includes a guest room-also full unfinished basement and a third floor walkup. The manager has listed the unit size as 2872 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017