Lot 1 Lupin Beach Drive
About This Property
Entertaining is elevated on the third floor with a bar complete with an under-counter ice maker and wine refrigerator. Outdoors, the summer kitchen is a chef's delight, featuring a 36-inch Wolf grill and Sub-Zero under-counter ice maker and refrigerator, perfect for enjoying the coastal lifestyle. Lot 1 Lupin Beach is currently under construction with a scheduled completion date by 10/30/2024. Photos are a representation of similar finishes used in the completion of homes in the community.
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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 20, 2024 | Sold | ||
| Sold | |||
| Sep 6, 2024 | Listed by Scenic Sotheby's International Realty | $4,000,000 | |
| Listed by Scenic Sotheby's International Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017