59 Lancaster Rd
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 |
|---|---|---|---|
| May 28, 2024 | Sold | ||
| Sold | |||
| Mar 14, 2024 | In contract | - | |
| In contract | |||
| Mar 11, 2024 | Listed by RE/MAX Executive Realty | $499,900 | |
| Listed by RE/MAX Executive Realty | |||
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Welcome to 59 Lancaster Road, Berlin! A rare opportunity to purchase this true contemporary-style home nestled on 2.3 acres near the Bolton line! The 1st-floor bedroom includes a walk-in closet, a full bath off the hall area, a 23x16 living room with loads of natural light, three sets of French doors to wrap-around deck, and a cozy wood stove. The kitchen has a breakfast bar and provides access to the large 20x11 sunroom. The 2nd floor has two spacious bedrooms, another full bath, and a loft area. Loads of exposed wood ceilings. There is new wall-to-wall carpeting and the interior of the home has been freshly painted. The covered breezeway has direct access to an oversized 2-car garage offering a secure area for chickens/animals. Brand new septic system March 2024. Central air. Rear porch for additional storage. Easy access to Route 62/85/290/495, conservation land, top rated schools, and Highland Commons for superior shopping options. Berlin is a right-to-farm community.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017