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1967 Port Ramsgate Place
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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 |
|---|---|---|---|
| Nov 5, 2018 | Sold | ||
| Sold | |||
| Sep 19, 2018 | Listed by Compass | $4,250,000 | |
| Listed by Compass | |||
| Aug 23, 2018 | No longer available | - | |
| No longer available | |||
| Jun 11, 2018 | Listed | $4,395,000 | |
| Listed | |||
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This exquisite custom home was designed and finished with the finest materials and craftsmanship. The residence offers 5,450 Sq.Ft. of living space which include 5 bedrooms, 5 1/2 baths, private office, and a basement that is an entertainer's dream, complete with bar and wine cellar. It is ideally located inside the Port Street's community just a few houses from the central greenbelt and a block away from the community pool and highly acclaimed Andersen Elementary School. The home features an exquisite gourmet kitchen with large center island, Wolf range, Sub-Zero refrigerator, beverage drawers, and breakfast nook. The kitchen opens onto the family room with limestone fireplaces vaulted and beamed ceilings and pocket doors that open onto the backyard. Outside you will find the perfect setting to enjoy Newport's wonderful climate- covered loggia, fireplace with television, built in BBQ and island with seating, and mature landscaping. Other features of the home include large laundry room with 2nd refrigerator, over sized 3 car garage w/ storage loft, reclaimed beams, custom mill work throughout, a downstairs bedroom, This home is truly unique and must be seen to be appreciated. The manager has listed the unit size as 5450 square feet.
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About Newport Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017