8 Garner Lane
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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%.
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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.
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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 30, 2024 | Sold | ||
| Sold | |||
| Mar 20, 2024 | In contract | - | |
| In contract | |||
| Mar 13, 2024 | Listed by Eric G Ramsay Jr Assoc LLC | $2,399,000 | |
| Listed by Eric G Ramsay Jr Assoc LLC | |||
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Located in O-Conee Association, one of the South Shore's most desirable waterfront communities, this magnificent brick English Manor lakefront estate is situated on 2 acres of property overlooking O-Conee's scenic Manatuck Lake. Enjoy year-round views and lakeside recreation including fishing, row boating, kayak/paddle boarding, ice skating and pond hockey. O-Conee, a private home owners association, offers its residents exclusive amenities including 2 marinas, a private bayfront beach, private security, back door garbage service, etc... Custom built in 1955, this 6700 sq. ft. home was designed as a classic countyside English manor with large open-space rooms, high ceilings, intricate millwork, hardwood floors, sweeping staircase and large windows throughout to maximize lake views. The Dining Room features centuries-old floor-to-ceiling hand-carved, rift and quartered English oak woodwork. The 11-foot Living Room fireplace features the same PRICELESS carved wood. The property features 2 acres of lush landscaping, blue stone patios, estate fencing, 16' round cement/brick grotto with fountain, 2.5 car garage, lakeside patio, etc... O-Conee's Yacht Club marina is just steps away with quick access to the Great South Bay and Fire Island!!! X Flood Zone.
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| Mar 6, 2003 | Sold | ||
| Sold | |||
| Feb 1, 2003 | Sold | ||
| Sold | |||
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About Bay Shore
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017