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122 33rd Street
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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 |
|---|---|---|---|
| Nov 13, 2019 | Sold | ||
| Sold | |||
| Oct 1, 2019 | No longer available | - | |
| No longer available | |||
| Sep 28, 2019 | Listed | $1,599,900 | |
| Listed | |||
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PRICE REDUCTION R2 Zoning!!!On the famed Balboa Peninsula in Newport Beach, this charming 1928 detached home with classic shiplap faade is just steps from the sand and the Pacific beyond. Structurally, its original architecture has been impressively preserved to retain much of its early origins and beach living comforts. Two levels comprised of naturally sunlit living areas includes a dining/living room with fireplace, ceiling fan, picture window and French doors that open to a delightful side yard with patioand a quaint kitchen featuring original tilework that offers easy access to a large brick patio designed for intimate gatherings and frequent barbecues. There are 3 bedrooms upstairs and 1 bedroom down in the residence, plus a large covered balcony. There is also an indoor laundry room and a single car garage. There is unlimited potential in this wonderful property to use it as a vacation rental, remodel to your dream specifications or to simply enjoy as is with its inviting floor plan. Within walking distance to great local restaurants, grocery and specialty stores, as well as the pier and nearby island and bay offerings, this property is a rare opportunity for those seeking the idyllic beach lifestyle. The manager has listed the unit size as 1578 square feet.
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| Jun 24, 2019 | Listed by Seven Gables Real Estate | $1,599,900 | |
| Listed by Seven Gables Real Estate | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017