60 Michael Dr
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 |
|---|---|---|---|
| Aug 29, 2024 | Sold | ||
| Sold | |||
| Aug 1, 2024 | In contract | - | |
| In contract | |||
| Jul 24, 2024 | Listed by HB Real Estate, LLC | $589,500 | |
| Listed by HB Real Estate, LLC | |||
| | |||
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YOUR OASIS AWAITS!!! You'll never want to leave this amazing property! Beautifully updated, versatile living areas to suit your needs and perfect spaces for entertaining. Country kitchen with center island, dining area, and state-of-the-art appliances. Step out to the two-tiered deck and patio, heated salt water pool and park-like landscaped yard. Formal dining room and living room with fireplace. The massive primary suite is a serene sanctuary with well-appointed bath, sitting area, fireplace, cathedral ceiling, abundant closets and french doors to a deck. Guest bath and two bedrooms, one with an en suite bath, complete the main floor. The lower level boasts a family room with a custom-built wet bar, electric fireplace, dining area, and two bedrooms - one connected to a full bath. Potential here for in-law living space or teen suite. Two car garage and plenty of parking for family and friends. Don't miss your opportunity to own this very special home!
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| Apr 12, 2018 | Sold | ||
| Sold | |||
| Aug 3, 2017 | Listed by HB Real Estate, LLC | $385,000 | |
| Listed by HB Real Estate, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017