209 Riverside Drive #0
About This Property
Indian River View and Unique opportunity to own Multi Family Units; 4 Apartments in Main House and Cabin Unit Separate building. Charming Home in highly desirable area. Live in home and havve an income! Possiblities waiting for Investor. Walk to shops, dining , river walk in Historic Cocoa Village. Increased Rent Potential.
Development Potential of 6, New Construction Condominiums on Beautiful Riverside Dr. across form the Indian River .
Stable Tenants in Place with long term history. Earn Income while in development stages for site planning and PPM.
New Partial Roof .
Possible short term owner Financing Available for Qualified Buyer.
See Agent Remarks.
DO NOT DISTURB TENANTS.
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Cap Rate Calculator
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 8, 2018 | Sold | ||
| Sold | |||
| Oct 24, 2017 | Listed by C. Apollo Realty Inc | $459,000 | |
| Listed by C. Apollo Realty Inc | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
09/15/2021
| |
Studio
|
-
|
3648 ft²
|
$549,900
Studio
-
3648 ft²
|
$510,000
-7.26%
03/31/2022
|
Chuck Alzamora
CBA Realty Group
|
|
10/24/2017
| |
Studio
|
-
|
3648 ft²
|
$459,000
Studio
-
3648 ft²
|
$422,500
-7.95%
06/08/2018
|
Francesca DiPasquale
C. Apollo Realty Inc
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017