62 W Olcott Lake Drive
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 |
|---|---|---|---|
| Jul 25, 2025 | Sold | ||
| Sold | |||
| Jun 11, 2025 | In contract | - | |
| In contract | |||
| Jun 6, 2025 | Listed by ERA REARDON REALTY, L.L.C. | $850,000 | |
| Listed by ERA REARDON REALTY, L.L.C. | |||
| Dec 29, 2016 | Sold | ||
| Sold | |||
| Aug 20, 2016 | Listed by The Brokerage House | $475,000 | |
| Listed by The Brokerage House | |||
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Your majestic rounded drive and stately landscape set the tone for this one of a kind lake front home! Come inside to enjoy your gracious living spaces including your family room with beautiful views & fireplace, formal dining, open kitchen with eat-in space, 3 seasons porch, separate office, a romantic master suite, laundry and additional bedroom & bathroom. Explore the lower level to find your large walkout living room (yes, also w/views and fireplace), a summer kitchen, 2 bedrooms, bath and a great rec room (ultimate ping pong room). Storage galore is available throughout the home from walk in closets, built-in shed & club house to the 3 car garage. With almost an acre lot with over 100’ of frontage on Olcott Lake, including your very own docking inlet, this is a value at $519,000. This is a great option for multigenerational living, home sharing or simply if you are in search of an amazing lake house! Welcome home to 62 Olcott Lake.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017