22
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1979 4th Street S
About This Property
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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%.
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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.
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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 |
|---|---|---|---|
| Jul 14, 2026 | Price Decreased |
$11,900,000
↓ $3M
(17.4%) | |
| Price Decreased | |||
| Jan 19, 2026 | Listed by William Raveis Real Estate | $14,400,000 | |
| Listed by William Raveis Real Estate | |||
| Apr 19, 2025 | No longer available | - | |
| No longer available | |||
| Jan 8, 2025 | Listed by Gulf Coast International Prop | $16,299,000 | |
| Listed by Gulf Coast International Prop | |||
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A timeless and refined home nestled within the renowned Aqualane Shores, situated along the wide, protected waters of Ibis Cove. Designed by David Humphrey and masterfully crafted by Kurtz Homes using concrete block and poured concrete construction, this home is a true fortress, enhanced by exquisite millwork throughout. A 48kW Kohler Generator and 2023 HVAC ensure you’ll stay cool no matter the conditions, all while a 2,500 bottle actively cooled wine cellar ensures the same for your most prized vintages. The soundproofed theater affords a viewer the option to enjoy their favorite media and not interrupt a more formal gathering. Highlights include custom cabinetry by Eric Baker, a complete outdoor kitchen, low voltage light touch system, a Sonos sound system and garages that can accommodate lifts for the collector. For those sun-seeking adventurers, the platform lift on the rear dock provides for seamless entrance and egress into and out of the waterway, providing bridgeless access to the Gulf of America. This spectacular residence is a short distance to white sand beaches and the fine dining and iconic shopping of historic 3rd Street South.
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| May 21, 2007 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017