45
Map
1606 Avenue M
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 |
|---|---|---|---|
| May 10, 2024 | Sold | ||
| Sold | |||
| Apr 18, 2024 | In contract | - | |
| In contract | |||
| Mar 15, 2024 | Listed by Berkshire Hathaway Home Services | $399,500 | |
| Listed by Berkshire Hathaway Home Services | |||
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This Lovely 1909 Home w/Double Gallery Porches has a Separate Guest Apartment Over the Garage for Extended Family or Extra Income. Located in the Lost Bayou Historic District of Galveston's Prestigious East End-Close to the Bryan Museum, Seawall, Beach, Restaurants, Retail, UTMB & the Strand. Lots of Light & Charm, High Ceilings, Newly Replaced Sky Lights, Freshly Painted, Plus So Many More Renovations. Shared, New Orleans-Style Courtyard w/Newly Rebuilt Outdoor Shower, Garage & Sharable Washer/Dryer Location! Appliances Stay, Ready for Immediate Weekend Getaway or Permanent Living! Previous Tenants Used Armoires in Lieu of Closets, But Lots of Space in an Upstairs Den to Add Additional Closets, a Large Primary Bath or Potentially an Extra Bedroom-Ask Us How!
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| Jun 15, 2023 | Listed by Berkshire Hathaway HomeServices Premier Properties | $412,000 | |
| Listed by Berkshire Hathaway HomeServices Premier Properties | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017