1609 1ST Street
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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 |
|---|---|---|---|
| May 14, 2021 | Sold | ||
| Sold | |||
| Mar 22, 2020 | Listed by LISTED.COM INC | $699,000 | |
| Listed by LISTED.COM INC | |||
| | |||
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Nestled just 1 block from the Atlantic Ocean, you will find THIS NEWLY RENOVATED BEACH HOME! Step into this warm and inviting 3 bed, 2 bath home, updated with NEW interior paint, NEW Flooring, and a FULL KITCHEN REMODEL with all NEW appliances. The open floor plan is ideal for entertaining or large family gatherings. Interior features include high ceilings, crown molding, walk-in closet with built-ins for ample storage space. This low maintenance move in ready home is ideal for a primary residence, vacation home or rental opportunities. Enjoy being steps to the ocean and conveniently located near entertainment, shops and restaurants. EXCLUSIVE BUYER SAVINGS AVIALABLE! This home qualifies for a NO CLOSING COST LOAN, SAVING YOU THOUSANDS!
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| Jun 11, 2007 | Sold | ||
| Sold | |||
| Jan 11, 2007 | Listed by KELLER WILLIAMS REALTY ATLANTIC PARTNERS | $599,000 | |
| Listed by KELLER WILLIAMS REALTY ATLANTIC PARTNERS | |||
| Mar 7, 2005 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017