69 Drinkwater Road
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 |
|---|---|---|---|
| Jun 23, 2021 | Sold | ||
| Sold | |||
| Apr 27, 2021 | No longer available | - | |
| No longer available | |||
| Apr 21, 2021 | Listed | $1,600,000 | |
| Listed | |||
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Whether October Farm serves as your permanent residence, holiday house, or corporate retreat, all of the essentials for ease & enjoyment of living are met in this one, all-inclusive property. This gentleman farmer's estate is complete is w/ main house, carriage house, barn, studio, in-ground pool, tennis court, raised garden beds, fruit trees, & a fresh-water pond. Stroll through the garden select fresh veggies/herbs; eat berries off the bush; snip a bouquet of flowers. In the spring, look for polliwogs in the pond; in the winter throw a skating party complete w/bonfire. Enjoy a swim in the pool after a game of tennis/pickleball. Work on hobbies in the barn be it raising animals, restoring antique cars, or woodworking. The bonus of having a studio complete w/ sauna & 1/2 bath affords you the opportunity to have your own yoga studio, game rm, home office, or small business. W/ parking for 3 vehicles on the main floor, the carriage house also boasts a finished rm on the 2nd floor - office, media or gym perhaps. The main house is statement is simple elegance with all character & charm of yesteryear married to the amenities of gracious living today, you exhale the moment you step inside. Pumpkin pine flooring, post & beam construction, & 4 fp's accent the interior. Relax in the 1st flr guest suite, at the kitchen island, the 2nd flr 4-season rm, or retreat to the luxe master suite. Handsomely restored, meticulously maintained, October Farm is a lifestyle choice you wont regret! The manager has listed the unit size as 5246 square feet.
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| Dec 15, 2020 | No longer available | - | |
| No longer available | |||
| Nov 29, 2020 | Relisted | $1,325,000 | |
| Relisted | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017