116 Gate Road #116
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 |
|---|---|---|---|
| Dec 20, 2024 | Sold | ||
| Sold | |||
| Nov 19, 2024 | In contract | - | |
| In contract | |||
| Nov 12, 2024 | Listed by United Realty Group, Inc | $235,000 | |
| Listed by United Realty Group, Inc | |||
| | |||
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BEAUTIFUL AND SPACIOUS 2/2 VILLA IN THE HEART OF HOLLYWOOD GREAT LOCATION CLOSE TO HARD ROCK CASINO, FLORIDA TURNPIKE, RESTAURANTS, SHOPS, BEACHES AND PLACES OF INTEREST. FEATURES INCLUDE: CLUB HOUSE, 3 HEATED POOLS, TENNIS COURT, AND MANY MORE AMENITIES. LARGE MASTER BEDROOM, LARGE ENCLOSED FLORIDA ROOM, FRONT PATIO, WALKING CLOSET AND MORE. THIS ONE IS A GREAT OPPORTUNITY AND IT WON'T LAST! PROPERTY NEEDS TLC SOLD AS IS WITH RIGHT TO INSPECT. SHOWS NICE AND VERY CLEAN......55 PLUS COMUNITY.
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Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
11/12/2024
|
2 Bed
|
2 Bath
|
1000 ft²
|
$235,000
2 Bed
2 Bath
1000 ft²
|
$235,000
12/20/2024
|
Cesar Munoz
LA TERRAZA REALTY
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017