18306 Sunset BOULEVARD
About This Property
A potential insurance coverage issue was discovered during the initial selling process. In response thereto, the historically administratively dissolved association corporation was reinstated on May 31st, 2022, by Seller, and a master insurance policy was secured by Seller. As such, it will be necessary for the Buyer to hold an organizational meeting of the Membership and Board following Closing to establish an annual budget, including setting common expenses and procedures moving forward. The current association Insurance monthly premium is: $1,257.44 or $628.72 per unit per month, based on 11 payments per year. This monthly payment is reflected in the disclosed per unit maintenance fee. The Association does not carry a Master Flood policy. If a unit owner desires Flood Insurance, they will be responsible to obtain their own Flood Insurance policy directly from their insurance agent, along with a Condominium Interior/content insurance policy.
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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
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
03/04/2022
| |
2 Bed
|
4 Bath
|
1770 ft²
|
$1,399,900
2 Bed
4 Bath
1770 ft²
|
$1,299,999
-7.14%
07/22/2022
|
Tom Bales, Jr
TOM BALES & COMPANY LLC
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017