121 86th TERRACE
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 |
|---|---|---|---|
| May 9, 2025 | Listed | $555,000 | |
| Listed | |||
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Investor special! This is one of the most affordable properties available near the beach on Treasure Island, offering an exceptional opportunity in a sought after coastal area. Located just steps from the Gulf, this home is perfect for renovation, rental income, or resale upside. The property features two carports, two air conditioning units, two separate electric meters, two water heaters, and a firewall—making it ideal for multi-family use or future duplex conversion. The home is being sold as-is, providing a blank canvas for the right buyer. To make this opportunity even more accessible, the seller is offering owner financing with a large down payment!! Don't miss your chance to secure a property this close to the beach with built-in value and flexibility.
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| Mar 10, 2025 | Sold | ||
| Sold | |||
| Feb 19, 2025 | In contract | - | |
| In contract | |||
| Nov 22, 2024 | Relisted | $490,000 | |
| Relisted | |||
| Nov 16, 2024 | In contract | - | |
| In contract | |||
Property Highlights
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017