8 Monica 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 |
|---|---|---|---|
| Sep 30, 2024 | Sold | ||
| Sold | |||
| Aug 12, 2024 | In contract | - | |
| In contract | |||
| Aug 8, 2024 | Listed by Berkshire Hathaway HomeServices Commonwealth Real Estate | $499,900 | |
| Listed by Berkshire Hathaway HomeServices Commonwealth Real Estate | |||
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Nicely maintained colonial on large level lot with easy access to highway and area amenities. This home offers a large, eat-in kitchen with a mudroom and side entrance. There is a front to back living room with a pellet stove with access to the screened porch that leads to a composite deck overlooking a tree-lined yard with above ground pool. Three good -sized bedrooms on the second floor with a cathedral ceiling in the main bedroom. A full-sized bathroom on second floor and half bath on main level. A nicely finished space in the lower level with still plenty of room for storage. Important features include: Roof ~ 5 years, hot water heater 2023, 200 amp electric, chimney rebuilt and freshly painted interior walls and ceilings.
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| Jul 31, 2006 | Sold | ||
| Sold | |||
| Apr 3, 2006 | Listed by Berkshire Hathaway HomeServices Commonwealth Real Estate | $339,900 | |
| Listed by Berkshire Hathaway HomeServices Commonwealth Real Estate | |||
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Address: 335 Madison Avenue, New York, NY 10017