148 Rue Martine
About This Property
to 3 spacious guest suites, with walk in closets & two large bathrooms. (Front Guest suite has a fireplace.) Detailed landscape and hardscape definitely give an ambience of a romantic European home with numerous columns, vases & large peacock pavers, accented by well thought out landscape lighting. 50' Italian Cypress trees line back & front property lines with views of a detailed european garden. This home can hardly be surpassed as far as a gardeners paradise - including a courtyard with separate garden/potting shed and larger, multi-purpose, power & air-conditioned, work room/storage shed - both detailed with matching exterior architecture features: windows for natural light, tile roof, shutters, and old style doors. The long paver stone driveway has space for several vehicles & a covered parking area. The home has a large full home Generac Generator and new HVAC. This home is on the south end, near 1 of 2 community pools & close to the community's 510+ feet of private beach. Caribe has 2 Beach Accesses, (West Side Beach Access has a Ramp) and Tennis Courts. If buyer rents home, there is an annual rental amenity fee of $600. Gross Rental Projection $83,333 for 24 weeks.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Apr 26, 2023 | Sold | ||
| Sold | |||
| Dec 30, 2022 | No longer available | - | |
| No longer available | |||
| Dec 17, 2022 | Relisted | $1,890,000 | |
| Relisted | |||
| Dec 9, 2022 | No longer available | - | |
| No longer available | |||
| Nov 20, 2022 | Price Decreased |
$1,890,000
↓ $105K
(5.3%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017