9 Lakeland Avenue
About This Property
The finished walkout basement features a wet bar and fireplace, creating a seamless flow between indoor and outdoor areas. While the home offers solid potential, some updates are needed, providing an opportunity to personalize and enhance the space to suit your style.
This is a rare chance to enjoy lakeside living in a serene and established neighborhood.
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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 |
|---|---|---|---|
| Sep 15, 2026 | Sold | ||
| Sold | |||
| Jun 5, 2026 | In contract | - | |
| In contract | |||
| Apr 27, 2026 | Listed by Real Broker NY LLC | $749,000 | |
| Listed by Real Broker NY LLC | |||
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About Patchogue
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Data Source: OneKey MLS
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Address: 335 Madison Avenue, New York, NY 10017