7 Mohegan Lane
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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 8, 2024 | Sold | ||
| Sold | |||
| Sep 30, 2024 | In contract | - | |
| In contract | |||
| Aug 28, 2024 | Listed by Douglas Elliman Real Estate | $819,000 | |
| Listed by Douglas Elliman Real Estate | |||
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Welcome to 7 Mohegan Lane located in the desirable Sierra Woods section of Commack. This stunning 5-Bedroom/ 2-Full Bathroom home underwent a complete interior renovation in 2023. The upper level has an abundance of natural light which pours through the expansive bay window and sliding glass doors. The open concept layout and elevated ceilings, combined with the recessed lighting, enhances the home's bright and airy ambiance. Gleaming hardwood floors add an extra touch of elegance. The Gourmet Kitchen features White Shaker Cabinetry accented by Chic Modern Gold Hardware, gorgeous Quartzite Countertops and Stainless Steel Appliances. The upper level also includes a Living Room, Dining Room, 3 Bedrooms and a Full Bathroom with a sleek luxurious design evoking the feel of a hotel suite. The lower level features a Family Room with a wood buring fireplace and sliding glass doors leading to the pool area, Dining Area, Summer Kitchen, 2 Bedrooms and Full Bathroom. This home offers ample room for a large or extended family. Possible Mother/Daughter with proper permits. Additional features include New Windows, New Sliding Doors, New Air-Handler, In-Ground Sprinklers, Solar Panels, New Split Unit, In-Ground Pool surrounded by Brick Patio Pavers, New Solid Wood Interior Doors, Spacious Interlocking Brick Paver Driveway and Custom Designed Retaining Wall and Front Steps, PVC Fencing, 2 Sheds, New Refrigerator, New Dishwasher, New Washers/Dryers, New Range Hood, New Pool Piping, and so much more! Close proximity to Restaurants, Shopping, Parks, Beaches, LIRR. Commack School District! Move In Ready!!
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| Apr 24, 2023 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017