216 11th Street
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 |
|---|---|---|---|
| Feb 21, 2025 | Sold | ||
| Sold | |||
| Feb 5, 2025 | In contract | - | |
| In contract | |||
| Jan 29, 2025 | No longer available | - | |
| No longer available | |||
| Jan 28, 2025 | Listed by Gulf Coast, Realtors | $249,900 | |
| Listed by Gulf Coast, Realtors | |||
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Well maintained stilt home with 20 x 30 shop on 4 cleared lots!! 100 foot of 11th Street frontage. Only minutes to Eagle Point or April Fool Point for boat launch into Galveston Bay. The shop has a concrete floor and electric! Totally unrestricted area so bring your RV, boat, car projects...all your toys! Massive patio under the home perfect for entertaining and covered parking. Interior features an open floor plan with gas log fireplace, kitchen/dining combo with stainless upgraded gas range/oven, vent hood and ample hardwood cabinets! Spacious primary with en-suite. Plush carpet throughout and utility room in the home. Huge, covered decks overlooking front and back yards! This is a golf cart community with seasonal parades, top-rated restaurants and the best fishing around! Come see what coastal living is all about!
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| Jan 21, 2025 | Withdrawn | - | |
| Withdrawn | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017