8 Melissa Lane
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 |
|---|---|---|---|
| Oct 11, 2018 | Sold | ||
| Sold | |||
| Aug 10, 2018 | No longer available | - | |
| No longer available | |||
| Aug 8, 2018 | Listed | $779,000 | |
| Listed | |||
| | |||
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****Buyer Incentive- Homeowner Is Offering A $2500 Credit At Closing Towards Taxes. Seton Hills At It's Finest. Colonial-Like Expanded Split With 5 Bedrooms And 3 Full Updated Baths, Eat-In-Kitchen With Stainless And Silestone, Hardwood Floors And Hi-Hats Throughout. A Must See Park-Like Backyard And Much More. Old Bethpage Elem, Mattlin Middle, Jfk High School. Buyer Can Apply For Star Exemption Of $1406.
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| Jun 28, 2018 | Listed by Douglas Elliman Real Estate | $779,000 | |
| Listed by Douglas Elliman Real Estate | |||
| Jun 8, 2018 | Listed by Douglas Elliman Real Estate | $799,999 | |
| Listed by Douglas Elliman Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017