85 Edgewater Drive
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 |
|---|---|---|---|
| Apr 27, 2023 | Sold | ||
| Sold | |||
| Mar 15, 2023 | In contract | - | |
| In contract | |||
| Feb 24, 2023 | Listed by Fontaine Real Estate, Inc. | $324,900 | |
| Listed by Fontaine Real Estate, Inc. | |||
| | |||
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Nice cape located across the street from Harris Pond. This property can also be used as a legal two family or in-law. Finished basement area is above grade in the front. Large farmers porch and deck. Eat-in kitchen with large living room. First level has a bedroom as well as a full bath. Basement is finished with a kitchen and bath. Heating system is new. Both second level and in-law need updating.
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| Dec 20, 2022 | Withdrawn | - | |
| Withdrawn | |||
| Nov 9, 2022 | Price Decreased |
$334,900
↓ $15K
(4.3%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017