1227 Ball Street
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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 |
|---|---|---|---|
| Mar 5, 2026 | Sold | ||
| Sold | |||
| Jan 28, 2026 | In contract | - | |
| In contract | |||
| Nov 12, 2025 | Listed by Joe Tramonte Realty, Inc. | $1,750,000 | |
| Listed by Joe Tramonte Realty, Inc. | |||
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Allardyce Cottage is a beautifully preserved historic home, circa 1859, blending timeless architecture with refined modern updates. Set on 2 landscaped lots with abundant fruit trees, this elegant residence offers 3 bedrooms, 2.5 baths, soaring ceilings, original longleaf pine floors, crown molding, and plenty of natural light. Stained-glass accents add historic charm, while modern enhancements ensure comfort. The outdoor area features a covered patio, brick courtyard, sparkling pool, & gas fire pit, ideal for entertaining or quiet relaxation. A separate cottage includes a 555sf game room with wet bar, 1/2 bath, garage, plus a 320sf efficiency apartment with kitchenette and full bath, providing exceptional versatility. Additional highlights include a separate, detached 2-car garage with side street access, secure, custom fencing, and lush Zoysia lawn. Just minutes from the Gulf, Strand, UTMB, and downtown entertainment district, this landmark defines luxury coastal living at its best.
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| Jul 17, 2024 | Sold | ||
| Sold | |||
| Jul 11, 2024 | In contract | - | |
| In contract | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017