138 Root Trail
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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.
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 5, 2024 | Sold | ||
| Sold | |||
| Jul 12, 2024 | Listed by Brown Harris Stevens of PB | $7,250,000 | |
| Listed by Brown Harris Stevens of PB | |||
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Welcome to this enchanting 1925 Key West bungalow, ideally located on the highly sought-after ocean block of Root Trail. This historic home, brimming with the unique charm the street is famous for, features 2 bedrooms and 2 baths in the main house, plus a detached studio with an additional bath. Inside, you'll find beautiful Dade County pine floors, and outside, a lush tropical patio with two outdoor showers perfect for island living. With off-street parking and nestled in the prime location on one of the most captivating streets on the island, this property truly is a one-of-a-kind piece of paradise.
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| Jul 2, 2002 | Sold | ||
| Sold | |||
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About Ocean Towers North Condominiums
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$9,000 /mo
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$7,750 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017