56 Cherry 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 24, 2024 | Sold | ||
| Sold | |||
| Jul 10, 2024 | In contract | - | |
| In contract | |||
| Jul 10, 2024 | Relisted | $609,000 | |
| Relisted | |||
| Jul 2, 2024 | In contract | - | |
| In contract | |||
| Jun 10, 2024 | Listed by Douglas Elliman Real Estate | $609,000 | |
| Listed by Douglas Elliman Real Estate | |||
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Welcome To This Beautiful Move-In Ready 3 Bedroom 1 Bath Ranch in The Heart Of Lynbrook. Enter Through Foyer To The Living Room with Beautiful Crown Molding All About the Home. The Dining Room is Adjacent to the Eat in Kitchen With Bar/Island Opening. 3 Bedrooms and Renovated Full Bathroom Complete the First Floor. Full Basement Houses Utilities, Egress Window, Plenty of Storage, Closets and Outside Entrance. Gas Cooking and Heating, Hardwood Floors Throughout, Central Air, Nest Thermostat, Video Front Door Bell, Dishwasher 1 month young, HW Heater 8 yrs Young. Siding 10 yrs. Fenced in Yard. Driveway Accommodates 3 Cars, Mid Block Location. Low Taxes. Taxes Do Not Reflect Basic Star Rebate
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017