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1390 N Seacrest Boulevard
About This Property
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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 |
|---|---|---|---|
| Sep 13, 2024 | Sold | ||
| Sold | |||
| Mar 18, 2024 | Listed by Deco Realty Group Inc | $2,200,000 | |
| Listed by Deco Realty Group Inc | |||
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Cleared residential land with 632ft along the wide Boynton Beach canal and fronting N Seacrest Boulevard. The site consists of 2.967 acres and is currently zoned for 6DU/AC. The city of Boynton Beach is open to changing the zoning to multi-family. The site is minutes away from the newly developing downtown Boynton Beach business and entertainment district, the Boynton Beach i95 exit, US1, the Boynton Beach government complex and Bethesda Hospital. It is also a 10 minute ride to the public beach. Interested buyer to confirm all information and conduct due diligence with City of Boynton Beach zoning and planning department.
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About Rolling Green Ridge
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017