93 PENN POINT RD
About This Property
The 3-story Carriage House offers (2) Bedrooms and (2) Bathrooms plus a 3- Bay garage area. Perfect Guest Cottage or Rental Property option. Both Homes approved septic systems for number of Bedrooms. The 40 x 60 Bank Barn is in Excellent Condition with Multiple access points.
Property recently surveyed to 4.00 Acres. Seller is direct neighbor and has reserved a view easement adjoining his property, all shown on the Survey Plat. Call today to set up your private showing on this special offering on Penn Point Road. Seller financing available at 4.50% interest, $200,000 down payment up to 25 yr amortization.
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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 |
|---|---|---|---|
| Dec 13, 2024 | Sold | ||
| Sold | |||
| Oct 2, 2024 | In contract | - | |
| In contract | |||
| Sep 1, 2024 | Price Decreased |
$649,000
↓ $50K
(7.2%) | |
| Price Decreased | |||
| Jun 11, 2024 | Price Decreased |
$699,000
↓ $86K
(11%) | |
| Price Decreased | |||
| May 3, 2024 | Price Decreased |
$785,000
↓ $65K
(7.6%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017