1828 Bailey
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 |
|---|---|---|---|
| Feb 28, 2019 | Sold | ||
| Sold | |||
| Jan 14, 2019 | Listed by Humpherys Homes & Estates | $1,114,000 | |
| Listed by Humpherys Homes & Estates | |||
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Here's a gorgeous Fire Mountain solar-powered home on a spacious, lushly-landscaped lot with ocean views. The home has been tastefully remodeled with hardwood floors, granite kitchen, Wolf stainless steel appliances, temperature-controlled wine room and enormous extended family room. The grounds are superbly landscaped with built-in BBQ, fire pit, elevated patios, a rock waterfall and lovely trellises. The downstairs suite with separate entrance could serve as guest quarters. Solar owned! SEE SUPPLEMENT! In addition to the $18,000 SubZero refrigerator, this home truly has it all: in 2015, owner had 28 panels (6.134 kW) installed and new air conditioning. A second furnace was installed upstairs. New carpet put in downstairs and hardwood floors were refinished. A new wine room chiller was installed. The alarm was upgraded with cellular communication and remote smart features. A new water chiller with separate faucet was installed at the kitchen sink. New insulated garage doors were installed, along with stone work at the front and along the entryway. The upper front balcony was resurfaced and had new drains installed. A new electronic lock was installed at the front door. A wall safe was installed in the master bedroom, and a large document/gun safe installed at the storage area. Motion-activated lights were installed along the north walkway, and indoor & outdoor lights converted to LED. For a bulleted list of improvements and other features, please access the MLS attachment.
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| Feb 6, 2015 | Sold | ||
| Sold | |||
| Sep 24, 2014 | Listed by Humpherys Homes & Estates | $884,900 | |
| Listed by Humpherys Homes & Estates | |||
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About Fire Mountain
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017