1560 Sumac Ave
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 |
|---|---|---|---|
| Apr 26, 2024 | Listed by Coldwell Banker Realty 02 | $3,900,000 | |
| Listed by Coldwell Banker Realty 02 | |||
| Feb 11, 2024 | Listed | $4,300,000 | |
| Listed | |||
| | |||
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Incredible opportunity to purchase one of the largest properties left in the heart of coveted North Boulder! With 40,897sqft and zoned RL-1, there is precedent directly adjacent for a 4 lot subdivision (a new study supports the possibility of a 5th lot!) OR build your dream home among some of the finest residences in town with neighboring homes pushing the $10m mark. Endless southern exposure with unobstructed view corridors across the riparian corridor to the Foothills and Flatirons beyond. Coburn Architecture is conducting a feasibility study which is available upon request. The property is annexed (surveys in additional docs) but not yet subdivided. All of the heavy lifting has been done while maintaining the ultimate flexibility...family compound, custom single family or multi-residence enclave...you decide! Buyer to verify all current and future entitlements.
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| Feb 14, 2023 | Listed | $4,300,000 | |
| Listed | |||
| | |||
|
Incredible opportunity to purchase one of the largest properties left in the heart of coveted North Boulder! With 40,897sqft and zoned RL-1, there is precedent directly adjacent for a 4 lot subdivision (a new study supports the possibility of a 5th lot!) OR build your dream home among some of the finest residences in town with neighboring homes pushing the $10m mark. Endless southern exposure with unobstructed view corridors across the riparian corridor to the Foothills and Flatirons beyond. Coburn Architecture is conducting a feasibility study which is available upon request. The property is annexed (surveys in additional docs) but not yet subdivided. All of the heavy lifting has been done while maintaining the ultimate flexibility...family compound, custom single family or multi-residence enclave...you decide! Buyer to verify all current and future entitlements.
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| Nov 17, 2022 | Sold | ||
| Sold | |||
| Dec 5, 2006 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017