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216 Dover Street #BUILDING
About This Property
This historic home was built as part of the exclusive, gated Manhattan Beach Estates and has been meticulously maintained. It includes an array of deluxe design features such as a Spanish tile roof, brass and copper plumbing throughout, stained glass windows, and a grand Dutch front door. The first floor features a beautiful Italian porcelain-tiled bathroom, a family room with a gas fireplace, and spacious living and dining rooms for entertaining. The basement of 216 Dover is a true gem. This multi-purpose space offers endless possibilities for customization. It has been completely remodeled with high-quality finishes and attention to detail. The current owners have transformed it into a fantastic open-concept recreation room with built-in ceiling speakers for surround sound, a modern kitchen with quartz countertops, a deep sink, a microwave/convection oven, and new cabinetry, and a full bathroom. The basement is perfect for entertaining, as well as for long-term guests who can enjoy their own space. Additionally, there is a separate washer and dryer in the basement, as well as a large laundry room. The basement is a great opportunity to make this house truly your own by turning it into whatever you desire, whether it be a movie theater, a home gym, or a game room.
The asking price has been lowered to reflect current market conditions, making it an incredible deal for the location, lot size, quality, and potential of this one-of-a-kind home. And with easy beach access and a spacious interior that's ready for your personal touches, this house has everything you need for the best summer of your life. Plus, the quiet residential dead-end block is perfect for children to play safely outdoors.
Public transportation is great here, with a bus stop right around the corner and the B and Q lines within walking distance to take you into the city. And when you're looking for a night out, the Opera Lounge, Masal, Del Mar Pizzaria, and Baku are all hot neighborhood spots close by. Don't miss out on this opportunity to invest in a property that will undoubtedly increase in value over time!
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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 |
|---|---|---|---|
| Sep 14, 2023 | Sold | ||
| Sold | |||
| Oct 26, 2022 | Listed by Elegran LLC | $1,380,000 | |
| Listed by Elegran LLC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017