7101 Island 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 |
|---|---|---|---|
| May 26, 2022 | Sold | ||
| Sold | |||
| Apr 21, 2022 | Listed by Seaport Realty | $384,900 | |
| Listed by Seaport Realty | |||
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Wonderful Buckingham Model located in the "Islands" at desirable 55+ Oak Point! This 3 BR, 2 bath is ready for new owners. Spacious kitchen is fully applianced & has a breakfast area, dining & living rooms are open w/ soaring ceilings & sliders to the Trex deck w/ awning, master suite with double vanities & separate soaking tub & shower, & great closet space. Utility room w/ solar tube for natural light, laundry & mechanicals, & access to the 2-car garage with overhead storage. Large lot w/ a storage shed, and off-street parking. Newer Harvey windows, roof replaced 5-6 years ago, new Miller furnace 2 years ago, decking & front porch 3 years old. Enjoy all Oak Point has to offer; indoor & outdoor pools, clubhouse, tennis & bocce courts, gym, lots of activities!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017