209 Jersey Avenue
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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 |
|---|---|---|---|
| Jun 30, 2020 | Sold | ||
| Sold | |||
| Apr 12, 2019 | Listed by Ward Wight Sotheby's International Realty | $5,495,000 | |
| Listed by Ward Wight Sotheby's International Realty | |||
| Aug 22, 2018 | No longer available | - | |
| No longer available | |||
| Jun 8, 2018 | Listed | $2,550,000 | |
| Listed | |||
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A developer's dream! Located two blocks to the beach and the Spring Lake Bath and Tennis Club, this private and spacious 100 x 150 lot offers the rare opportunity to build your new custom home on one of the best blocks in Spring Lake! Prestigious architect Chris Rice has already completed renderings of a 4,600 sq. ft. home that fits comfortably on the lot. Mere steps to beautiful downtown Spring Lake, this original Cape Cod is also a perfect fixer upper that offers four bedrooms, two bathrooms, and original hardwood floors. Close to the Spring Lake Golf Club and commuter rail, this home could easily be updated to be enjoyed this summer or used immediately as a rental property. Bring your vision, and begin your new life at the Shore! The manager has listed the unit size as 2292 square feet.
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About Spring Lake
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$14,500 /mo
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- 5 Baths
- 3,984 ft²
$15,000 /mo
- 5 Beds
- 4 Baths
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017