1671 Binney Drive
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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 |
|---|---|---|---|
| Oct 28, 2020 | Sold | ||
| Sold | |||
| Aug 7, 2020 | Listed by Southern Castles | $450,000 | |
| Listed by Southern Castles | |||
| Jan 22, 2018 | Sold | ||
| Sold | |||
| Jul 30, 2017 | Listed | $575,000 | |
| Listed | |||
| | |||
|
Great Opportunity!!! Lowest Priced Waterfront Single Family House On South Hutchinson Island. Well maintained 3 bedroom, 2 bath, 1 car garage home located on Faber Cove Inlet. Remodeled in 2008. Tiled throughout with updated kitchen (cabinets, granite) & bathrooms. The vacant lot next door will be included in the sale. Both properties share a common dock which has electric and water (for 2 boats). Property is located on beautiful South Hutchinson Island and is just 2 blocks away from unspoiled beaches, great fishing, restaurants, bank and newly renovated South Jetty Park.The manager has listed the unit size as 1200 square feet.
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| Feb 22, 2017 | Listed by Southern Castles | $575,000 | |
| Listed by Southern Castles | |||
Property Highlights
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About South Hutchinson Island
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017