1415 Cormorant Road
About This Property
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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%.
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.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 5, 2019 | Sold | ||
| Sold | |||
| Sep 5, 2019 | Listed by Illustrated Properties | $374,900 | |
| Listed by Illustrated Properties | |||
| Aug 19, 2016 | Sold | ||
| Sold | |||
| May 26, 2016 | Listed by RE/MAX Services | $380,000 | |
| Listed by RE/MAX Services | |||
| | |||
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Fully renovated home, exceptionally bright and open with white wood cathedral ceiling in main living area. Open to brand new kitchen featuring custom white wood cabinets, SS appliances and stunning light granite counters. Coordinating light wood-like ceramic tile floors throughout, brand new impact windows and sliding doors. Master includes walk-in closet and en-suite bath with custom dual-sink vanity and oversized frameless tiled shower. New AC and LED lighting. Outdoor spaces include courtyard, side yard and backyard with room for a pool.
| |||
| Jan 15, 2016 | Sold | ||
| Sold | |||
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About Tropic Palms
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$7,500 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017