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115 Monarch Bay Drive
About This Property
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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 |
|---|---|---|---|
| May 29, 2018 | Sold | ||
| Sold | |||
| Jan 2, 2018 | Listed by The Agency | $2,285,000 | |
| Listed by The Agency | |||
| Jul 29, 2017 | Listed | $2,675,000 | |
| Listed | |||
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Caruso Group will show you Beach living at its best! Call 949-584-2300 or email [email protected]. This single level ranch style home just completed a full remodel in 2014 utilizing recognized architect & designer to set the tone for todays beach chic living with a thoughtful, flowing floor plan. Gated front courtyard leads to a welcoming Dutch entry door. Once inside you will immediately feel the warmth & charm of "Provenza Heirloom Oxford" hardwood floors and vaulted tongue & groove ceilings in the ocean view Great Room artfully accented by multiple designer chandeliers and a fireplace. Full Thermador kitchen has farmhouse sink by "Blanco", "Eclipse" gooseneck faucet, counters complimented by white Bedrosians Quartz, and white shaker cabinets, all lit with Nora LED lighting. Pendant accent lights enhance the peninsula breakfast counter providing extra cabinet space plus additional seating for people on the go. Master suite has a peek ocean view and niche areas for built-in dressers. Bonus room with full sliding doors opens to a wind protected pool and patio area. The secondary bedrooms are generous, & bathrooms utilize subway tile with colorful listelle. Soft pebble shower floors remind you that you're at the beach. Large side yards provide privacy. New "PEX" plumbing, electrical, sewer line, clay tile roof and new AC too. The manager has listed the unit size as 2789 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017