111 S Founders Lane
About This Property
Spacious bedrooms will be found on all three levels of the home, each with
its own private bath, but the piece de resistance is surely to be the owner's suite taking up the entire third floor. Tactfully located and a true haven from the rest of the home, the views are endless and includes a wonderful sitting room and an opulent master bath. Ascending one more level brings you to the tower rooms that are truly the pinnacle of awesomeness! Unlike most, this fourth floor tower will actually have usable, enjoyable space in the form of an amazing sundeck overlooking the gulf and beach. Plenty of space resides here to take in the views with family and friends and enjoy the open air environment from 50 feet up. In addition, connected to the main house via a pedestrian bridge, is the carriage house which offers a bedroom, kitchenette and full bath. And as would be expected of a house of this caliber, only the finest finishes will be invited into 111 S. Founders Lane; which will make this opportunity to live in a gated community, with private access to the most impressive beach on 30a, all in a gulf front setting, even more appealing.
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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 |
|---|---|---|---|
| Oct 22, 2015 | Sold | ||
| Sold | |||
| Apr 16, 2014 | Listed by Beachy Beach 30A Real Estate | $5,195,000 | |
| Listed by Beachy Beach 30A Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017