960 48th Avenue
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 |
|---|---|---|---|
| Nov 16, 2025 | Price Decreased |
$815,555
↓ $20K
(2.4%) | |
| Price Decreased | |||
| Nov 16, 2025 | Relisted | $835,555 | |
| Relisted | |||
| Nov 9, 2025 | In contract | - | |
| In contract | |||
| Oct 4, 2025 | Price Decreased |
$835,555
↓ $13K
(1.6%) | |
| Price Decreased | |||
| Sep 26, 2025 | Listed | $849,000 | |
| Listed | |||
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Welcome to this two-story, 4-bedroom lakefront retreat that blends comfort, style, and endless possibilities. On an oversized .62-acre lot, the home offers a spacious floor plan with formal living and family rooms, ideal for entertaining or relaxing. Recent upgrades include a new roof (2021) and impact glass windows. The two-car garage is complemented by circular and side driveways, offering plentiful parking. Step outside to your private oasis: a covered porch overlooking a fenced backyard with sweeping lake views—perfect for gatherings or enjoying the Florida sunshine. Upstairs, the balcony is the ideal spot to unwind and take in sunsets. Pets will love the unique AC dog kennel. Lakefront sunsets, privacy, and space to create your dream retreat—all right here.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017