88 Ropewalk
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 27, 2025 | Sold | ||
| Sold | |||
| Sep 17, 2025 | In contract | - | |
| In contract | |||
| Sep 6, 2025 | Listed by Keller Williams Realty Boston South West | $1,100,000 | |
| Listed by Keller Williams Realty Boston South West | |||
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Welcome to Mashnee Island! Breathtaking views, beautiful beaches, quahoging, fishing and boating just steps from your door. This expansive ranch sits on a large lot which is rare and offers many possibilities! White shaker kitchen cabinetry, quartz countertops, SS appliances and a great center island for entertaining make this home a place where friends and family will gather. Features hardwood floors, 3 bedrooms, 2 full baths, dining area, living room with fireplace, converted garage space and a large sunny great room that offers some water views. This home is perfect for year round living, a summer retreat or an investment property, home has a strong rental history. Full unfinished basement, large deck off the back, an outdoor shower and a huge backyard to enjoy summer activities complete this property! The association dock allows you the opportunity to moor your boat close to home. Homes like this within walking distance to beautiful beaches do not come along often, don't wait!
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| May 24, 2019 | Sold | ||
| Sold | |||
| Mar 1, 2019 | Listed by R.E.D. Development & Real Estate Group | $649,000 | |
| Listed by R.E.D. Development & Real Estate Group | |||
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Welcome to Mashnee Island! Breathtaking views, beautiful beaches, quahoging, fishing and boating, just steps from your home. This expansive ranch sits on a double lot, which is rare and offers many possibilities! A sparkling new Kitchen with white shaker cabinetry, quartz countertops, stainless steel appliances and a great center island for entertaining, make this home a place where friends and family will gather. Hardwood floors throughout, 3 bedrooms, 2 full baths, a dining area and a large sunny Great Room with amazing views. This home perfect for year round living or a summer retreat. The double entry garage is a huge bonus to store all your summer toys plus a full unfinished basement. Large deck off the back, an outdoor shower and a huge backyard to enjoy summer activities complete this property! The association dock allows you the opportunity to moor your boat close to home. Homes like this within walking distance to beautiful beaches do not come along often, don't wait!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017