1437 3rd Street
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 |
|---|---|---|---|
| Aug 23, 2018 | No longer available | - | |
| No longer available | |||
| Jun 29, 2018 | Sold | ||
| Sold | |||
| Jun 11, 2018 | Listed | $2,250,000 | |
| Listed | |||
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This beautiful & exceptionally maintained home is what you’ve been waiting for in the highly sought after 1400 block of 3rd Street in East Manhattan Beach! A home of innovative modern architecture, this property is situated on a 7500 square foot lot featuring 5 bedrooms, 4.5 bathrooms and over 4000 SF of living space. This distinctive reversed floor plan offers maximum sunlight and comfortable coastal living for family and friends. As you enter the home you are greeted with a formal living room with fireplace that offers a tranquil space to relax and enjoy a fire. Just below the formal living room you'll find a large dining area, spacious kitchen with a separate banquette seating area and built-in storage. A convenient powder bath and a bedroom/office with an ensuite bathroom are also provided on this level. Slightly up the stairs in the rear of the home is a bright master bedroom that features a private balcony overlooking the grassy backyard, a huge walk-in closet, and a spa-styled bath. On the first floor you'll find three bedrooms, a tranquil side yard space and two additional bathrooms for the kids. Entertain family and friends in the over-sized, vaulted (15’+ ceiling), great room with a large built-in bar that opens out to the rear landscaped backyard with ample space perfect for BBQ’s, gardening, and enjoying the summer sun. Walking distance to award winning schools, just a short ride to the beach on arguably one of the best streets in East Manhattan Beach! The manager has listed the unit size as 4065 square feet.
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| May 21, 2018 | Listed by Vista Sotheby’s Realty | $2,250,000 | |
| Listed by Vista Sotheby’s Realty | |||
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About Eastside Manhattan Beach
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Currently no similar homes aroundNearby Rentals
$5,995 /mo
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$7,000 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017