121 Nautical Way #2
About This Property
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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 |
|---|---|---|---|
| Oct 19, 2018 | Sold | ||
| Sold | |||
| Sep 24, 2018 | Listed by Admirals Cove Realty Co Inc | $1,195,000 | |
| Listed by Admirals Cove Realty Co Inc | |||
| Jan 31, 2018 | Sold | ||
| Sold | |||
| Jun 30, 2017 | Listed by Admirals Cove Realty Co Inc | $595,000 | |
| Listed by Admirals Cove Realty Co Inc | |||
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Ideally located within walking distance to the newly renovated Clubhouse, pool and fitness center in private cul de sac on a favorite street...former model home row. Light and bright with vaulted ceilings, private dock for 34’ boat, long, serene water views with spectacular sunrises and SE exposure. Golf views in front and wide water views out back. Private elevator and total hurricane protection. Required golf membership purchase conveys all the first class amenities of Admirals Cove including two renovated clubhouses, 45 holes of golf, 5 restaurants, 63 slip brand new marina with floating docks, Yacht Club, 13 har tru tennis courts, state of the art fitness and spa, Covesters kids club and Platinum service.
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Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
04/29/2024
|
2 Bed
|
2 Bath
|
2160 ft²
|
$2,199,000
2 Bed
2 Bath
2160 ft²
|
$2,340,000
+6.41%
06/18/2024
|
Thomas C Frankel
Admirals Cove Realty Co Inc
| |
|
09/24/2018
|
3 Bed
|
2 Bath
|
2469 ft²
|
$1,195,000
3 Bed
2 Bath
2469 ft²
|
$1,100,000
-7.95%
10/19/2018
|
Thomas C Frankel
Admirals Cove Realty Co Inc
| |
|
06/30/2017
|
2 Bed
|
2 Bath
|
2160 ft²
|
$595,000
2 Bed
2 Bath
2160 ft²
|
$450,000
-24.37%
01/31/2018
|
Thomas C Frankel
Admirals Cove Realty Co Inc
|
Building Info
About Admiral's Cove
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017