42 Robertson Road
About This Property
The kitchen was updated in 2014, complemented by an updated main-level bathroom. Significant mechanical and infrastructure improvements provide added value, including a new boiler, new hot water heater, upgraded 200-amp electrical panel, and replacement of older plumbing with a copper main water line. Insulation upgrades in 2021, including the attic and basement rim joists, contribute to energy efficiency.
Extensive exterior improvements completed in 2021 include siding, roof shingles, gutters, chimney relined and rebuilt from the ground up, and the installation of 35 Pella fiberglass windows. The basement was partially remodeled in 2022, offering additional usable space.
Conveniently located close to Centre Avenue, with easy access to the elementary school and LIRR, as well as nearby Lynbrook and Rockville Centre train stations. Nearby parks and outdoor destinations include Lister Park, Mill River, Tanglewood Nature Preserve, and Hempstead Lake State Park with biking trails. Everyday essentials such as grocery stores and other local amenities are also within close reach.
A well-updated property combining comfort, functionality, and a location that supports a variety of lifestyles.
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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%.
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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.
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About Lynbrook
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017