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1050 NE 3rd Avenue
About This Property
Adjacent to the main gathering space, a sleek clubroom invites cocktails, game nights, or simply a quiet moment to unwind. The main floor hosts a private guest suite (or home office), offering flexibility and seclusion. When it's time to head upstairs, the elevator makes it easy. There you'll find a second living area that opens to a private balcony with panoramic views, plus four additional ensuite bedrooms - each with oversized, custom closets.
The primary suite is the showstopper; a serene retreat with dual water closets, a spa-sized shower, and generous dressing areas fit for both function and fashion.
Outdoors, the luxury continues: a sparkling pool, relaxing spa, and accent lighting. Home is complete with a whole home generator, pool with salt system and heater, Wolf & Subzero appliances, summer kitchen, all custom closets, and much more.
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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.
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About Boca Villas
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017