228 SE 3rd Terrace
About This Property
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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 |
|---|---|---|---|
| Sep 11, 2024 | Sold | ||
| Sold | |||
| Apr 1, 2024 | Listed by Waterfront & Estate Properties | $2,595,000 | |
| Listed by Waterfront & Estate Properties | |||
| | |||
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Experience the splendor of this stunning 190-foot point lot boasting a 180-foot dock with a 10,000lb boat lift. Situated with an NE backyard orientation, revel in breathtaking unobstructed water views from every angle, accompanied by a refreshing constant breeze. Delight in over $50k worth of meticulously curated tropical landscaping, ensuring complete privacy as you wander through the property, discovering multiple secluded lounging areas. Two charming tiki huts overlook the newly renovated saltwater heated pool, featuring a shallow swim area for added enjoyment. Equipped with a whole-house generator, HD security cameras, beautiful travertine driveway and patio. Thoughtfully designed 3BR/2.5BA split and open floor plan, and a luxurious master suite boasting 12-foot ceilings, his and hers walk-in closets, and updated master bathroom.
Additional highlights include a 2-car garage, marble and real wood flooring in the bedrooms, impact glass throughout, and a chef's kitchen complete with a Thermador gas cooktop, upgraded appliances, two wine fridges, and a convenient laundry and espresso bar area adjacent to the kitchen.
Great investment opportunity for VRBO/AIRBNB.
This home has been renovated to perfection and meticulously maintained. Nothing to do here, this home is perfect. Call today for your private showing.
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| Sep 15, 2022 | Sold | ||
| Sold | |||
| Jun 6, 2022 | Listed by One Sotheby's Int'l Realty | $1,975,000 | |
| Listed by One Sotheby's Int'l Realty | |||
| Jan 13, 2020 | Sold | ||
| Sold | |||
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About Garden Isles
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017