Welcome to 122 Palmetto Street where we are offering LOW 5.875% in
Bushwick's prime location meets Miami aesthetic. This 8-unit
boutique condominium has been thoughtfully crafted with European
floor to ceiling windows flooding the carrera tile flooring with
light. If you are tired of seeing the same old cookie cutter
apartments your search ends here. Each home stretches the whole
length of the building. All the bedrooms face south, have walk-in
closets, and some even have balconies. While the front of the home
faces treetops allowing for evening light. The kitchens have sleek
German-design and are equipped with Bosch appliances, soaring high
ceilings, and best part there's poured concrete in between you and
your neighbor, allowing privacy and stillness. The home is ready to
be smart home outfitted, all the appliances are energy start
efficient. As well as appointed bathrooms add to the overall
allure. Each apartment is equipped with central AC and heating,
along with individual temperature controls for each room. Attention
has been given to every detail, ensuring that all you need to do is
move in and savor the good life. The "J" & "Z" Gates Ave subway
stop is just up the street. The neighborhood's array of
restaurants, shops, and bars that define Bushwick are all at your
fingertips, residing at 122 Palmetto will truly make you feel like
there is no place like home.
Courtesy of RH Advisors, Inc. and RHP Realty NJ, Inc.
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Cap Rate Analysis
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Operating ProfitPer Year
N/A (extreme outlier)
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.
learn more about cap rate here .