138 SPARTINA Avenue
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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%.
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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 |
|---|---|---|---|
| Oct 1, 2019 | Sold | ||
| Sold | |||
| Jan 11, 2019 | Listed by WATSON REALTY CORP | $784,000 | |
| Listed by WATSON REALTY CORP | |||
| Jan 4, 2019 | No longer available | - | |
| No longer available | |||
| Nov 4, 2018 | Price Decreased |
$924,900
↓ $25K
(2.6%) | |
| Price Decreased | |||
| Jun 1, 2018 | Listed | $949,900 | |
| Listed | |||
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Stunning Views Abound In This 4 Br,3.5 Bath Home In Pelican Reef. Formal Living Room & Dining Room,Great Room With Fp,A Large Kitchen With Lots Of Cabinets,Granite Countertops & A Generous Pantry Comprise The Main Living Areas Of The First Floor. The Laundry Room,W/A Chute From The Second Floor,A Home Office,A Pool Bath & The Master Suite Are Also Here,While Upstairs Are 3 Generous Bedrooms,A Bath,Balcony & Sweeping Views Of Historic St Augustine & The Intracoastal Waterfront,Both The Lighthouse And The Cross Are Clearly Visible,Making The Outside Patio The Perfect Spot To Watch The Fourth Of July Fireworks Or The Bridge Of Lions Open. The Outside Makes Living Easy With An Under- Roof Patio That Overlooks A Beautiful Pool And The Views. Float On Warm Afternoons Or Sit In The Shade Enjoying The Birds Flying Across The Grasses Toward The Intracoastal. The Driveway Is Pavered And Leads To A Three Bay Garage With A Workshop As Well As Storage. There Is A Lot Of Storage In The House As The Owners Also Incorporated The Space Above The Closets For Additional Storage Space. Ceilings Are High And The Light Generous. Meticulously Maintained,With A Variety Of Upgraded Touches And Finishes,This Home Sits In A Gated Waterfront Community With A Dock Where You Can Buy,Or Lease Boat Slip Space And Is A Short Distance To Anastasia State Park,The Lighthouse & The St. Augustine Amphitheater. Downtown And The Beaches Are Minutes Away,But With A Home Like This,You May Be Asking Yourself Why You Would Leave. The manager has listed the unit size as 3667 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017