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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%.
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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.
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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 |
|---|---|---|---|
| Nov 4, 2024 | Sold | ||
| Sold | |||
| Sep 30, 2024 | In contract | - | |
| In contract | |||
| Sep 17, 2024 | Listed by Robert Slack LLC | $1,695,000 | |
| Listed by Robert Slack LLC | |||
| Sep 7, 2024 | Listed by ROBERT SLACK LLC | $1,795,000 | |
| Listed by ROBERT SLACK LLC | |||
| | |||
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, This lake front one of a kind lakefront property is located on the popular gated community of Boca Falls Park which is a 24 hour manned gate. The Mikasa model features 5 bedrooms and 5.5 bathrooms. There is a Office and loft area on the second floor giving extra space for expanded families, Kitchen features a gas stove, double oven and warming drawer and has a Sub Zero Fridge. Wood floors flow through the main living areas and bedrooms. Just off to the living / family room as a large bar games room for entertaining your guests.
Walk outside to the pool and outside to the summer kitchen entertaining area and enjoy the sunsets over the lake in the evenings. Property has just installed a new concrete tile roof. Sport enthusiasts can play tennis or visit the clubhouse gym and large resort style pool. Top A rated schools in the area.
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| Oct 21, 2016 | Sold | ||
| Sold | |||
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About Boca Falls
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017