1188 Nettles Boulevard
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%.
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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.
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 |
|---|---|---|---|
| Apr 10, 2025 | Price Decreased |
$299,900
↓ $20K
(6.3%) | |
| Price Decreased | |||
| Mar 10, 2025 | Price Decreased |
$319,900
↓ $10K
(3%) | |
| Price Decreased | |||
| Feb 16, 2025 | Price Decreased |
$329,900
↓ $10K
(2.9%) | |
| Price Decreased | |||
| Jan 15, 2025 | Price Increased |
$339,900
↑ $5K
(1.5%) | |
| Price Increased | |||
| Jan 7, 2025 | Listed | $334,900 | |
| Listed | |||
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1188 Nettles Boulevard has a desirable great room floor plan with the living room, kitchen and dining area encompassed in one large room with 11 ft +/- vaulted ceilings. There is a custom lighted, carpeted loft and the bedroom is oversized with a built-in desk area. The bathroom is also oversized, has built in storage and access to the laundry room and storage closet. Desirable South exposure with an indirect water view across the street from a vacant lot. Ample two car driveway. New vinyl plank flooring, baseboards, appliances and new AC unit in January 2025. Lowest priced site built home on the island.
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Property Highlights
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Status
Price/ft²
Listed On
Sold On
About South Hutchinson Island
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David O'Kelly Realty LLC
Last Updated: 6 months ago
Data Source: Beaches MLS, MLS# R10856660
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017