85
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22 Saint Thomas Drive
About This Property
Ballen Isles has world-class facilities, from three championship golf courses and is top-ranked racquets facility by the USTA, with an abundance of other amenities including six dining options in the club. Also, a 65,000 sq. foot Sports complex offering 30 courts (20 Har-Tru clay courts), a stadium that seats 500, 9 pickleball and one hard court. There is a full service tennis shop & full service salon. The club calendar is always full with live entertainment, exhibitions, holiday celebrations, lectures and tournaments - and let's not forget the newly renovated Clubhouse! Bankruptcy sale- contract must be court approved. Seller's Sports Membership must be purchased by the buyer. Call me for details
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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.
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About Ballenisles
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017