5 Nikolane 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 |
|---|---|---|---|
| Jun 28, 2024 | Sold | ||
| Sold | |||
| May 28, 2024 | Listed by Compass | $579,000 | |
| Listed by Compass | |||
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A rough-cut gem in the heart of Lanesville village, just steps from the ocean with deeded private right of way to water. A raised ranch over a spacious three-car garage, this one bedroom, one bath home features a quiet fenced-in yard and decks with partial sea view. With its prime location, the property is a rare opportunity to get into the best part of one of Gloucester's most prized communities with private access for swimming, kayaking or paddleboarding. Whether you are looking to renovate and realize your dream house, or seeking an investment property with certain return, this home will shine brightly with a little shaping and polish and generate a handsome personal or financial reward.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017