507 Devon Place
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 |
|---|---|---|---|
| Jul 27, 2021 | Sold | ||
| Sold | |||
| Apr 30, 2021 | In contract | - | |
| In contract | |||
| Apr 21, 2021 | Listed by Stonington Realty LLC | $879,000 | |
| Listed by Stonington Realty LLC | |||
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West Islip Boaters Dream home. Just a few homes from the Great South Bay. Get ready for the summer! Spacious 10 room Split level home with plenty of room for a home office and guest quarters. Master bedroom suite on upper level in this custom5 bedroom split level home. Traditionally styled upgraded bathroom. Suite complete with its own balcony, walk-in closets and magnificient views. Granite counter tops & quality cabinetry throughout. Radiant heat in full Baths and Kitchen. 75 ft bulkhead with water and electric on Devon Canal.Backyard oasis featuring a custom built Pavillon with granite flooring. Yard features hardscape and mature landscaping. Excluded jet ski and boat lifts, mermaid garden sculpture, lighthouse piece in the garden.
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| Feb 5, 2015 | Sold | ||
| Sold | |||
| Oct 7, 2014 | Listed by Douglas Elliman Real Estate | $699,000 | |
| Listed by Douglas Elliman Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017