41 Phillips 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 |
|---|---|---|---|
| Jun 5, 2024 | Sold | ||
| Sold | |||
| Oct 5, 2020 | Listed by Douglas Elliman Real Estate | $1,900,000 | |
| Listed by Douglas Elliman Real Estate | |||
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Luxury modern-farmhouse with salt-water gunite pool to be completed, Fall 2021. Private oasis- 3-acre parcel surrounded by farmland and horse country. White cedar-shake siding, black Anderson windows and doors, breathtaking white custom kitchen and stunning state of the art bathrooms, including a poolside cabana style bathroom. An open floor plan with expertly designed first floor master and two additional second floor bedrooms and den. Attached two car garage. Short distance to beaches and vineyards. Work with our architect and designer to add your custom touches to this bespoke residence or keep it turn key. Make this your family compound. Approvals for add ons: 36x48 accessory building/barn, horse paddocks, pond or sports/tennis court. May be price additions for customization. Taxes are TBD. Some attached photos are computer-renderings- not actual photographs, they are depictions as to what property may look like. Listing agent is owner.
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| Jan 8, 2018 | Sold | ||
| Sold | |||
| May 25, 2017 | Sold | ||
| Sold | |||
| Jan 25, 2017 | Listed by Douglas Elliman Real Estate | $350,000 | |
| Listed by Douglas Elliman Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017