70 Gorman Rd
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 1, 2025 | Sold | ||
| Sold | |||
| Jul 7, 2025 | In contract | - | |
| In contract | |||
| Jun 11, 2025 | Listed | $700,000 | |
| Listed | |||
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See this Charming Cottage by the Sea, just .2 of a mile to the beach. Situated on a generously sized lot, there's plenty of room to enjoy the outdoors—whether it's grilling, gardening, or simply soaking up the quiet charm of the surrounding landscape. Tucked away on a tranquil sandy lane and surrounded by natural landscape, this 2-bedroom, 1-bath cottage is a rare gem that captures the essence of ''Old Cape Cod.'' Just a short stroll to a pristine ocean beach, this low-maintenance getaway invites you to drop your bags and immediately unwind. Step inside and be greeted by the warmth of a classic Cape escape. The home features a large sunroom—perfect for morning coffee, summer reading, or relaxing evenings after a beach day. The living areas provide cozy, functional space, while the two bedrooms offer comfortable accommodations for family or guests. This home will remind you of simpler times. This no-fuss, no-frills home is a timeless Cape Cod cottage in an ideal location!
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| Jan 6, 2023 | Sold | ||
| Sold | |||
| Dec 27, 2022 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017