88 Burton Lane
About This Property
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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.
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 9, 2024 | Sold | ||
| Sold | |||
| Jun 14, 2024 | In contract | - | |
| In contract | |||
| May 23, 2024 | Listed by Coldwell Banker American Homes | $699,990 | |
| Listed by Coldwell Banker American Homes | |||
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Welcome to this fabulous ranch-style house located in the heart of Commack on over a half acre of property! This sundrenched Home Boasts three bedrooms and two full bathrooms. Step inside to find a formal living room, perfect for entertaining or relaxing. The kitchen & dining rooms both offer space for dining while the stunning family room extension features cathedral ceilings, with natural light, and a relaxing atmosphere. Outside, there is a spacious deck, lush landscaping, and in ground sprinklers covering both front and back, across eight zones. The upgraded electric system ensures modern convenience with 200 amps of power. Stay cozy during chilly evenings with the oil hot water heating system, complete with two zones. The wood-burning fireplace adds a touch of ambiance to the living space, while three skylights further brighten up the interior. The kitchen is equipped with stainless steel appliances including a dishwasher, stove, and refrigerator. Additional storage space is available in the one-car garage, in addition to the pull-down attic. For extra living space or recreational use, the fully finished basement offers endless possibilities, along with a designated storage area. The Weil McLain heating system ensures efficient warmth throughout the home, keeping you comfortable year-round. Welcome home to your oasis in the Commack School District.
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About Commack
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017