51 Leisure Lane
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 25, 2020 | Sold | ||
| Sold | |||
| May 22, 2020 | Listed by Spangler SELECT Real Estate Solutions | $435,000 | |
| Listed by Spangler SELECT Real Estate Solutions | |||
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Frye Island paradise--panoramic water front..level lot with full 36' deck for exterior living space. Two sliders onto deck - 35' from water w own private beach and expanded dock for sunset view. Shade or sun available at all times. Rear living space wrapped in glass offering a peaceful feeling inside. Tongue & groove wood ceiling w beams. Heating electric baseboard, all water lines replaced, 2nd water heater, solid septic tank added, large trees taken down, new roof and skylights. Walk to Cafe, ball park and beach 4, 5 and 6 - Own private beach - 9 hole golf course, golf club house, recreation building on island with swimming pool, tennis courts, playground. Activities through out season, golf tournaments, parades, fire works, game nights at cafe..good food...good company. Safe family island ( older golf cart goes with property)...No HOA fees..Taxes include water costs. Ferry opens May 1, 2019.come visit...drive around island...great Ferry service.NEW A/C MINI SPLIT JUST INSTALLED
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017