509 Teak Drive
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 |
|---|---|---|---|
| Apr 14, 2021 | Sold | ||
| Sold | |||
| Nov 12, 2020 | Listed by Realty Advisors International | $364,500 | |
| Listed by Realty Advisors International | |||
| Jan 9, 2015 | Sold | ||
| Sold | |||
| Nov 18, 2014 | Listed by Realty Advisors International | $180,000 | |
| Listed by Realty Advisors International | |||
| | |||
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Property has been completed renovated, new kitchen, wall to wall tile flooring, stainless steel appliances etc. Beautiful private lot with no homeowners association. Property also offers a large covered patio of entertaining outdoors. Seller if offering a 3,000 closing cost incentive for using their preferred lender.
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| Jul 31, 2014 | Sold | ||
| Sold | |||
Property Highlights
Building Info
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Price/ft²
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About Lake Park
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$6,500 /mo
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$7,000 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017