118 Riviera Drive
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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 |
|---|---|---|---|
| Oct 1, 2024 | Sold | ||
| Sold | |||
| Jul 25, 2024 | In contract | - | |
| In contract | |||
| Jul 11, 2024 | Listed by Signature Premier Properties | $409,000 | |
| Listed by Signature Premier Properties | |||
| | |||
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Boater's Paradise! This completely renovated (2017) home is directly across from Marina, with an unobstructed view, that leads to the Great South Bay. Roof, siding, all windows, baths and kitchen were all redone in 2017. Home sits safely on a 6 ft. cement crawl. Open concept floor plan throughout main floor, is drenched with sunlight. Sliders lead to south facing elevated deck to maximize the waterview. Kitchen features all stainless appliances, Tiled baths are nicely updated. Master ensuite with a large walk-in closet and south facing view. Home is efficiently heated with a newer Navi Propane boiler . LG front load washer and dryer. Recessed lighting and ceiling fans in every room, along with beautiful bay breezes make this a perfect summer retreat for boaters and beach lovers.
| |||
| Jul 1, 2024 | Listed by Signature Premier Properties | $409,000 | |
| Listed by Signature Premier Properties | |||
| Feb 11, 2021 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017