44 Lake Way
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 29, 2025 | Sold | ||
| Sold | |||
| Jul 18, 2025 | In contract | - | |
| In contract | |||
| Jun 26, 2025 | Listed by Gary Sanguino | $525,000 | |
| Listed by Gary Sanguino | |||
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This fully renovated home has been transformed from top to bottom with brand-new plumbing, electrical, roof, windows, insulation, and a new heating system — offering you total peace of mind. Inside, the kitchen features quartz countertops, new cabinetry, and stainless steel appliances, while the brand-new bathroom includes clean, timeless finishes and all-new fixtures.
The 2nd level provides a third bedroom plus a versatile bonus room, ideal for work, guests, or hobbies. While fully permitted and included in the square footage, the layout has a cozy finished attic feel with narrow stairs and tucked-away charm. The basement offers ample storage space and includes laundry hook-ups. The attached garage has been rebuilt with finished walls and new flooring, and the exterior shines with a new walkway, retaining wall,, new well and upgraded landscaping. All renovations were fully permitted — Certificate of Occupancy will be delivered at closing.
Best of all? This home includes access to Lake Purdys, a private lake for residents only. For just $300/year, members of the Lake Purdys Property Owners Association enjoy swimming, fishing, lakeside BBQs, and a historic clubhouse that hosts year-round community events.
Move-in ready and fully upgraded — 44 Lake Way offers a rare blend of comfort, quality, and community.
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| Nov 1, 2024 | Sold | ||
| Sold | |||
| Oct 22, 2024 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017