1136 QUEENS HARBOR Boulevard
About This Property
A centrally located marina next to the country club offers boat slips w/ power and water service so that residents can keep their boats ready for action while providing club members convenient access to the club's pool and dining facilities. Membership at the club and access to its amenities is not required as part of home ownership. The golf and country club, Queen's Harbour Yacht and Country Club, is a semi-private club owned and operated by Club Corp of America (CCA) and is a separate membership from the Queen's Harbour Yacht and Country Club Owner's Association. The freshwater marina is accessed through a 110 ft. lock operated by marina staff. The 120 ft. floating dock on the outside of the lock complete with fish cleaning station, shore power and water is available for fisherman wanting to be offshore before sunrise or those arriving late after lock operating hours.
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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