19 PARK PLACE DRIVE
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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 |
|---|---|---|---|
| Sep 12, 2024 | Sold | ||
| Sold | |||
| Aug 15, 2024 | In contract | - | |
| In contract | |||
| Apr 28, 2024 | Listed by Patterson-Schwartz-OceanView | $375,000 | |
| Listed by Patterson-Schwartz-OceanView | |||
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One of the few remaining waterfront lots for sale close to the beach! Dock your boat in your back yard and enjoy all the area has to offer. Enjoy the best of both worlds - boating and the beach: launch your kayak or canoe or pontoon boat, fish from your dock (the perch are plentiful in the Spring), or enjoy beautiful Bethany Beach and Bethany Beach Boardwalk which is less than 4 miles away! This lot with amazing views of the harbor and wildlife is ready and waiting for you to build the home of your dreams! Small quiet community with boat ramp located on Miller Creek just minutes from the Assawoman Bay. Perfectly located close to banks, grocery stores, walk-in emergency medical services, lab services, fine dining, family dining, mini-golf, full size and executive golf courses, tax free outlet shopping, State Park beaches and the big boardwalks in Rehoboth Beach and Ocean City, MD. Don't wait! This one won't last long. Seller is a licensed real estate agent in the State of Delaware.
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| Apr 24, 2023 | Sold | ||
| Sold | |||
| Mar 26, 2023 | In contract | - | |
| In contract | |||
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About Sussex
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017