8 Colony Ave
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 |
|---|---|---|---|
| Mar 20, 2025 | Sold | ||
| Sold | |||
| Feb 26, 2025 | In contract | - | |
| In contract | |||
| Feb 19, 2025 | Listed | $625,000 | |
| Listed | |||
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Welcome to 8 Colony Avenue! Situated just minutes to summertime favorites, Monument Beach and the Cape Cod Canal, this spacious Cape Cod home will give you years of enjoyment! Spend your days on the sand, biking or fishing the canal, taking your boat out from the marina, or just enjoying an ice cream cone from nearby Whistlestop. Enjoy a book by the fireplace after a long day in the light and bright living room. Invite friends over to watch the game in the family room with cathedral ceilings, wood floors, ceiling fan, and easy access to the outdoors. A formal dining area connecting these rooms and the kitchen make it a perfect spot for holiday gatherings and celebrations. Three large bedrooms and a full bath on this floor give you options for use. The lower level provides great accomodations for guests with a fourth bedroom, full bath, laundry room, and storage. It could also be home to that home gym or studio you've always wanted. Make an appointment today!
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| Jul 9, 1993 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017