2119 SHORE DRIVE
About This Property
I can't wait for you to see it! These improvements and the corresponding dates will give you an idea of what to expect: you'll walk into new LVP Flooring (2025); an updated Kitchen and Bath and, then there's the Addition that serves as a Mudroom/Laundry/Utility Area with a Water Heater that was replaced in 2024; HVAC (2021); Roof (2020); and, all Appliances (2016)!
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017