62 Michaels Ln
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 24, 2019 | Sold | ||
| Sold | |||
| Mar 21, 2018 | Listed by Carolyn A. Burton & Associates | $443,500 | |
| Listed by Carolyn A. Burton & Associates | |||
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Have it your way..Set on a cul de sac with 4+ acres this home was built in 2000 and extensively remodeled 3 years ago. A simply perfect property for someone who wants horses in sight but not in backyard! Overlook your beautiful red barn, paddock and pond (excellent for ice skating) from your state of the arts kitchen w/6 person marble island, marble countertops, picture window and wrap around deck. Stormy days? Something for everyone to enjoy. The lower level features a spacious family room, office plus a sound proof media room, sauna & more. Don't have horses?? This barn may be utilized for automobiles, organic farming or whatever you desire.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017