8 W Island Drive
About This Property
is completely surrounded in nature with forever-protected waterfront and picture-perfect vistas in
nearly every direction. Lose your daily stress the moment you enter the Island gates. Dine
alfresco on the terraces overlooking the water, play ball on the level lawn, kayak or paddleboard along your own
stretch of water; launch your boat from the neighborhood association's marina; or simply take
nature walks along water's edge. With the association's beach and amenity-filled private clubs just
steps away, recreation is easy. The light-filled floor plan offers water or garden
views from every room. A spacious barn/garage is ready to be transformed into an artist's
studio or party barn; and a character-filled stone building is ready for your creative ideas. Gated Community with 24 hour security. With
Manhattan an easy 35-minute commute, it's the perfect combination of an incomparable setting
and every convenience only moments away. Additional Information: Amenities:Storage,HeatingFuel:Oil Above Ground,ParkingFeatures:4+ Car Detached,
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Cap Rate Calculator
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 23, 2020 | Sold | ||
| Sold | |||
| Jul 10, 2020 | In contract | - | |
| In contract | |||
| May 29, 2020 | Listed by Houlihan Lawrence Inc. | $4,900,000 | |
| Listed by Houlihan Lawrence Inc. | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017