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11 BEACH 220TH Street
About This Property
As you ascend to the second floor, you will be welcomed by more natural light and beautiful hardwood floors. This level contains five bedrooms, three full bathrooms, two decks, laundry room and access to a unique ship's watch. The two bedrooms at the front of the home each have access to a large deck with water and views of Coney Island. The primary bedroom, which features another gas fireplace, spans the entire back of the house and is truly remarkable. The luxurious en-suite bathroom is beautifully tiled and includes a separate jetted tub and a stall shower. There is also a large, custom walk-in closet and sliding doors that open to another deck. In addition, this floor also boasts another two bedrooms, one of which has an ensuite bath. Take the spiral stairs up to another floor with a fun ship's watch with panoramic and sunset views! Don't miss the opportunity to make 11 Beach 220th Street your new home.
Monthly maintenance is $800.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017