116 Park Avenue
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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%.
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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.
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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 |
|---|---|---|---|
| Sep 24, 2018 | No longer available | - | |
| No longer available | |||
| Sep 21, 2018 | Sold | ||
| Sold | |||
| Aug 14, 2018 | Listed | $1,350,000 | |
| Listed | |||
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Absolutely exquisite home with amazing outdoor spaces located on tree-lined Park Avenue in Belmont Shore. This 3-bedroom, 3-bathroom home in over 2,400 sq. ft. will take your breath away with its Spanish charm and beauty. The home offers privacy immediately with a tall, wrought iron gate blooming with bougainvillea. Upon entering the rustic front door, you will be impressed with the attention to detail starting with the living room which features hand-painted tile surrounding the fireplace, wood windows and custom lighting fixtures. An archway leads you to the spacious dining room with leaded and stained glass windows, built-in hutch and wine closet. The remodeled kitchen continues the Spanish feel with a wood beam, custom pantry doors, Spanish tile and warm, wood cabinets. All appliances including the built-in fridge and 6-burner stove are stainless steel. Downstairs also consists of two bedrooms – each with their own bathrooms and a wonderful backyard with plenty of seating options, a warm shower perfect for bathing your pets and a built-in BBQ with burner. The upstairs level of the home is even prettier with abundant natural light, three more outdoor spaces including a spot to garden and a reclining area, large family room with wet bar and serene master retreat. The master suite has all of today’s modern amenities including a walk-in closet, working fireplace, dual sink vanity, jetted tub and separate, walk-in shower with 2 shower heads. The manager has listed the unit size as 2439 square feet.
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| Jul 10, 2018 | Listed by Keller Williams Coastal Prop. | $1,350,000 | |
| Listed by Keller Williams Coastal Prop. | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017