39
Map
111 Nelray BLVD #2
About This Property
The kitchen is both functional and refined, featuring thin shaker cabinetry, custom-painted finishes, and professional-grade cooking appliances. It's a space that feels as natural hosting a dinner party as it does enjoying a quiet morning. White oak floors add warmth and flow throughout the main level, where a custom bar invites connection and a private guest suite with a full bath provides comfort for visitors. A stylish mud bench keeps things organized while maintaining the home's clean, effortless look.
Upstairs, large windows fill the space with natural light, highlighting the primary suite's serene ambiance and spacious closet. Two additional guest suites and a built-in desk area offer flexibility for work, rest, or creative pursuits. Outside, the expansive yard is shaded by mature trees, creating a private, peaceful retreat perfect for relaxing or entertaining.
This home reflects a quiet sophistication and a true sense of place, designed for those who value a balance of style and practicality. Schedule a tour today and experience the subtle elegance of this North Loop gem.
*There is potential to add a pool to this property. Contact me for more details* Buyer/agent to conduct all due diligence and verify all specs.
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Cap Rate Calculator
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| May 11, 2025 | Withdrawn | - | |
| Withdrawn | |||
| May 7, 2025 | Price Decreased |
$1,068,900
↓ $100
(0%) | |
| Price Decreased | |||
| Apr 24, 2025 | Listed by Compass RE Texas, LLC | $1,069,000 | |
| Listed by Compass RE Texas, LLC | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
04/24/2025
|
4 Bed
|
3 Bath
|
1830 ft²
|
$1,069,000
4 Bed
3 Bath
1830 ft²
|
-
-
|
Jeremy De Paz
Compass RE Texas, LLC
| |
|
12/19/2024
|
4 Bed
|
3 Bath
|
2288 ft²
|
$1,425,000
4 Bed
3 Bath
2288 ft²
|
-
-
|
Jeremy De Paz
Compass RE Texas, LLC
| |
|
03/14/2024
| |
2 Bed
|
1 Bath
|
720 ft²
|
$635,000
2 Bed
1 Bath
720 ft²
|
$540,000
-14.96%
03/14/2024
|
Vivian Auerbach
eXp Realty, LLC
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017