107 8TH Street
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 |
|---|---|---|---|
| May 20, 2022 | Listed by THE NEWCOMER GROUP | $2,550,000 | |
| Listed by THE NEWCOMER GROUP | |||
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Welcome home to 107 8th Street where every box has been CHECKED. New construction pool home with luxury finishes and ocean views. This home will be sold fully furnished, with EXCLUSIVE commercial zoning allowing for short term vacation rentals in St. Augustine Beach. This 2022 built home has custom details that are simply unmatched within this market. Offering 5 bedrooms, 6 bathrooms, an elevator, and over 3200 SF of perfectly utilized space, you simply have it all. As you enter on the first floor, you'll be greeted with an open concept flex/bonus room blending perfectly to the outdoor pool, including a full bathroom, wet bar, and laundry room. The second floor offers 4 spacious bedrooms which are all en-suite to ensure space, comfort, and privacy. Take the elevator all the way up to the third floor which has an open living concept where the dining, kitchen, living, and outdoor space all blend beautifully together creating an environment that is perfect for entertaining and getting everyone together. The kitchen boasts high-end custom finishes with quartz countertops, SS Kitchen Aid appliances, gas range, ample counter space, and a generous sized pantry. The third floor balcony/deck provides beautiful views of the ocean along with all of St. Augustine Beach. This home truly has everything you've been searching for inside and out as the home and lifestyle align beautifully. Spend your days lounging by the pool and take full advantage of the location with the walkable convenience to the beach, great restaurants, and so much more. This home is being offered in TURNKEY condition, making it a seamless transition for the opportunity to take it over as a cash flowing vacation rental, second home, or primary residence. Book a private tour today!!
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| Jan 31, 2022 | Sold | ||
| Sold | |||
| Dec 15, 2021 | Listed by ENDLESS SUMMER REALTY | $2,000,000 | |
| Listed by ENDLESS SUMMER REALTY | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017