2 Ray Avenue
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%.
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 |
|---|---|---|---|
| Oct 13, 2022 | Sold | ||
| Sold | |||
| Jul 11, 2022 | Listed by Anne Erwin Sothebys International Rlty | $899,000 | |
| Listed by Anne Erwin Sothebys International Rlty | |||
| Oct 6, 2021 | No longer available | - | |
| No longer available | |||
| Sep 8, 2021 | Sold | ||
| Sold | |||
| Jun 15, 2021 | Listed by Anne Erwin Sothebys International Rlty | $849,000 | |
| Listed by Anne Erwin Sothebys International Rlty | |||
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This well designed Contemporary, on a side avenue, is located between the Short Sands and Cape Neddick Beaches. Enjoy a sidewalk stroll to local restaurants, shops and beach attractions. The home offers an open concept main level featuring a kitchen/dining/living area, warmed by a gas fireplace, half bathroom and laundry room. The upper level offers three spacious bedrooms, one being a master suite with tile shower, the other two sharing a Jack-and-Jill bathroom. The lower level of the home features a spacious bonus room and full bathroom, great for returning from the beach! A large two car drive-under garage and ample storage space complete this wonderful package. The coastal home is easy maintenance with composite trim and vinyl siding. Strong rental income! Property will convey furnished minus sellers personal belongings.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017