60 Chestnut Lane
About This Property
A standout feature of this property is the oversized 2-stall garage, providing ample storage space for all your beach toys, bikes, and more. But that's not all - above the garage, you'll discover a versatile studio apartment. Complete with a convenient kitchenette and a full bathroom, this space opens up a world of possibilities. It's perf
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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 |
|---|---|---|---|
| Nov 9, 2023 | Sold | ||
| Sold | |||
| Sep 8, 2023 | Listed by Coldwell Banker Woodland Schmidt Saugatuck | $799,000 | |
| Listed by Coldwell Banker Woodland Schmidt Saugatuck | |||
| Aug 23, 2018 | No longer available | - | |
| No longer available | |||
| Jul 13, 2018 | Sold | ||
| Sold | |||
| Jun 19, 2018 | Listed | $489,000 | |
| Listed | |||
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You said you wanted a REALLY cute cottage... well this is IT! This is Cottage Perfection, and just begs for summer cookouts, gin and tonics on the porch, and walks to the beach. Douglas Public Beach is less than one block away! Winter will be just as welcome getting snowed in, but warmed by the central wood burning fireplace. Main cottage is magazine perfect with open ceilings and a sleeping loft, plus 2 bedrooms and a new full bath down. 2 screened porches plus an open air back deck looking over the charming, architectural back yard, perfect for the pair of white adirondacks. You can hear and smell and feel the lake! Newer oversized 2-stall garage offers plenty of storage plus a studio apartment up with kitchenette and full bath! Many upgrades (list available) from the current The manager has listed the unit size as 1612 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017