1561 Neptune Avenue
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 |
|---|---|---|---|
| Dec 17, 2024 | Sold | ||
| Sold | |||
| Nov 13, 2024 | In contract | - | |
| In contract | |||
| Oct 17, 2024 | Listed by Coldwell Banker Realty | $3,495,000 | |
| Listed by Coldwell Banker Realty | |||
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Amazing opportunity to be a part of the exclusive Neptune society. Ocean views with beach access just a few blocks away. Fabulous 4 br +office with the main living area up to command those ocean blue views. Flooded with natural light, this open floor plan boasts vaulted wood beamed ceilings with skylights and features a full bank of sliding doors to the west balcony to capitalize on the stunning ocean views. *** Living room, kitchen and dining area act as a large arena to entertain or nestle in and enjoy the magic of the ocean. Kitchen features warm wood cabinets, gourmet Wolf gas range and double ovens, subzero, granite, decorative drop lights and wine fridge. Additional room upstairs is perfect for an office, den or studio. *** The inviting patio echoes the true spirit of coastal living. Bask in the ocean breezes, linger in the sunshine, or dine al fresco and savor the dramatic sunsets from your own balcony. *** Oversized 3-car garage with 12-foot ceilings, outdoor planter boxes and elaborate chicken coop that could easily be converted to a great fort or playhouse. *** Ideally located, just a short stroll to Grandview Surf Beach and the 101 corridor.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017