25
Map
225 Pelican Drive
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 |
|---|---|---|---|
| Jan 18, 2024 | Listed | $820,000 | |
| Listed | |||
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This stunning 3 bed, 2 bath home offers natural beauty + salty ocean breeze. Spacious living area w/ large windows that provide natural light + showcase breathtaking views of a nature conservation in your backyard. The partially open floor plan connects living, dining, + breakfast nook spilling into the kitchen. The master bedroom boasts an ensuite bathroom in this split floor plan. The other rooms offer ample space for a multitude of uses. The standout feature is its prime location with a leisurely stroll to the beach + a dock/fishing pier- both just about one block away! Private access is granted through voluntary membership to the association; don’t miss these views. Make everyday moments become extraordinary memories - Your dream home awaits! *New Metal Roof - Partially furnished*
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| Dec 31, 2022 | Listed by STELLAR NON-MEMBER OFFICE | $702,500 | |
| Listed by STELLAR NON-MEMBER OFFICE | |||
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| Sep 26, 2022 | Sold | ||
| Sold | |||
| Jul 29, 2022 | Listed by Palm Realty Properties, LLC | $747,000 | |
| Listed by Palm Realty Properties, LLC | |||
| Jul 9, 1996 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017