12 2ND Street
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 |
|---|---|---|---|
| Apr 1, 2022 | No longer available | - | |
| No longer available | |||
| Mar 24, 2022 | In contract | - | |
| In contract | |||
| Dec 17, 2021 | Listed by Coastal Realty & Property Management | $529,900 | |
| Listed by Coastal Realty & Property Management | |||
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Vacant Lot East Of A1a Beach Blvd Is Rare To Market And This One Is Already Cleared. Just Steps To The Beautiful Atlantic Ocean With Beach Walkover At The End Of The Street. Owners Had Planned To Build Their Dream Home On This Lot And Have Provided A General Idea Of Home They Were Planning To Build Under "documents" Tab. Survey In Documents Was Done Prior To The City Of St Augustine Beach Vacating The Alley At Rear Of Property. Buyer Will Need To Have Updated Survey Prior To Closing. This Location Is Perfectly Situated In The Heart Of St Augustine Beach And Walking Or Biking Distance To Coffee Shops,Restaurants,Pier And All The Fun Activities There,Shopping,Ice Cream Shops And Much Much More. You'll Never Have To Worry About "where To Park At The Beach" Again If You Buy This Lot. Per City Of St Augustine Beach Zoned Sfr Medium Density. This Vacant Lot Sits Between #10 And #14 2nd Street - Buyer Will Need To Confirm #12 Will Be Permanent Address With City Of St Augustine Beach.,This Wonderful Lot Is Situated On The North Side Of 2nd Street And Is Vacant So Can Be Walked Anytime. Build Your Own Dream Home Here And Get Ready To Live Your Best Life...at The Beach!
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| Sep 13, 2020 | No longer available | - | |
| No longer available | |||
| Apr 30, 2020 | Listed | $344,900 | |
| Listed | |||
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Rare To Market - This Vacant Lot Is Just Steps To Ocean With Beach Walkover Located At End Of The Street. Please See Attached Documents For Idea Of Home Seller Had Planned To Build On This Dream Lot. Survey On File Was Completed Prior To City Of St Augustine Beach Vacation The Alley On Rear Of Property. Buyer Will Need To Have Updated Survey Done Prior To Closing. This Location Can Not Be Beat! Walk Or Bike To Restaurants,Entertainment,Concerts,Farmers Markets,Coffee And Ice Cream Shops...,You Name It. Per City Of St Aug Beach Zoned Sfr Medium Density. This Vacant Lot Sits Between #10 And #14 2nd Street And Address Of #12 Will Need To Be Verified With City Of St Aug Beach. Lot Is On The North Side Of 2nd Street And Vacant And Can Be Walked At Any Time. Build Your Dream Home Here And Never Have To Worry About "where To Park" At The Beach Again.
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About St. Augustine Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017