16 Las Vegas Road
About This Property
Feel and smell the ocean breeze from this spacious 4 bedroom, 2 bath home that has a garage, finished basement and on-site parking for 8. This quintessential beach house has a large wonderful outdoor area with outdoor kitchen, fire pit and a covered side porch. For over 50 years this property has been on leased land. Now, the land and the house are finally being sold together through a deed and bill of sale. Don't let this wonderful opportunity pass you by.
Payment Calculator
Your Estimated Monthly Payment
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 |
|---|---|---|---|
| Jun 26, 2024 | Sold | ||
| Sold | |||
| May 28, 2024 | In contract | - | |
| In contract | |||
| May 24, 2024 | Listed by Keller Williams Shore Properties | $1,949,500 | |
| Listed by Keller Williams Shore Properties | |||
| Sep 3, 2019 | No longer available | - | |
| No longer available | |||
| Aug 23, 2018 | Price Decreased |
$459,000
↓ $236K
(34%) | |
| Price Decreased | |||
Property Highlights
Building Info
Comparables
Status
Price/ft²
Listed On
Sold On
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017