1102 Captains Way
About This Property
Experience the unique and unparalleled Admirals Cove Lifestyle! Located in Admirals Cove, the premier golf, tennis, yachting & country club community. Admirals Cove facilities include 2 renovated Clubhouses; 45 holes of Championship Golf; 12 hydro-grid, har-tru Tennis courts; Full service Marina; Clubhouse Inn w/ 32 beautifully appointed rooms & Conference room & other business concierge services for members & their guests; State of art Spa & Fitness Center; Year-round children/grandchildren facilities & programs; Multiple Dining Venues ranging from Indoor/Outdoor Marina Cafe to Chef's Table; Resort style pool area w/ cabanas, jacuzzi, fire pit seating, & saline chlorinated lap, serenity & children's pools, and on-site banking & salon.
The Club & Community are consistently well maintained and are in sound financial condition, all helping to enhance the value of the member/resident experience as well as home values. The Captains Way Condo Association has approved a special assessment of limited duration (estimated at $13.10 per quarter per harbor home unit) to enable the Association to renovate all of the boat slips in Captains Way.
Pets at Captains Way are limited to one (1) dog weighing 35 lbs. two (2) indoor cats, fish in aquarium and domestic birds. Full Golf Membership must be purchased from the Club.
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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
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
02/28/2017
| |
3 Bed
|
2 Bath
|
2469 ft²
|
$950,000
3 Bed
2 Bath
2469 ft²
|
$875,000
-7.89%
05/17/2017
|
Thomas C Frankel
Admirals Cove Realty Co Inc
|
|
06/13/2014
| |
2 Bed
|
2 Bath
|
2160 ft²
|
$569,000
2 Bed
2 Bath
2160 ft²
|
$530,000
-6.85%
01/09/2015
|
Steve Rockoff
The Corcoran Group
|
Building Info
About Admiral's Cove
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017