88 Shadow Lake
About This Property
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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 |
|---|---|---|---|
| May 14, 2025 | Sold | ||
| Sold | |||
| Apr 28, 2025 | In contract | - | |
| In contract | |||
| Apr 25, 2025 | Listed | $694,900 | |
| Listed | |||
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Water views and beach rights just in time for Summer! New construction in 2024 and ready for you to make this your home! Open floor plan with water views from both floors. All new appliances, walk out basement and hardwood floors.
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| Feb 28, 2025 | Sold | ||
| Sold | |||
| Nov 22, 2024 | Listed by Hillman Real Estate | $659,900 | |
| Listed by Hillman Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017