1036 NE Wright Avenue
About This Property
NO CENTRAL AIR. WINDOW A/C UNITS. FRONT PORCH HAS BEEN ENCLOSED WITH NEWER PGT WINDOWS.
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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%.
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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 |
|---|---|---|---|
| Feb 18, 2026 | Sold | ||
| Sold | |||
| Jan 29, 2026 | In contract | - | |
| In contract | |||
| Jul 15, 2025 | Price Decreased |
$449,000
↓ $37K
(7.6%) | |
| Price Decreased | |||
| Feb 14, 2025 | Listed by Ocean One Properties | $486,000 | |
| Listed by Ocean One Properties | |||
| | |||
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**Newly Renovated Gem in the Heart of Rio Development** This stunning 2-bedroom, 2-bathroom home is ready for you to move in and enjoy. Nestled in the vibrant Rio development area, this house has undergone a complete transformation. With new plumbing, updated electrical panel, modern air conditioning, brand-new appliances, and a state-of-the-art water treatment system, every detail has been meticulously upgraded. The septic tank has been updated, and city water and sewer connections may be available in the future.
Step outside to the elevated patio at the rear of the house, perfect for relaxing, bird watching, or entertaining guests. There's space for a pool (subject to code approval) and room for a shed for extra storage. Originally 800+ square feet under air, the home now boasts 1,100 square feet of comfortable living space, according to public records.
Designed with entertaining in mind, the expansive eat-in island kitchen is the heart of this home. This space is sure to impress.
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| May 15, 2019 | Sold | ||
| Sold | |||
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About Rio
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017