23 Bay Street
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 |
|---|---|---|---|
| Oct 4, 2016 | Sold | ||
| Sold | |||
| Sep 17, 2016 | Listed by Infinity RE Partners LLC | $229,000 | |
| Listed by Infinity RE Partners LLC | |||
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Water front property is a rare find in this price point. There are two separate structures on this property both need total rehab or removal. Level lot with unobstructed view of the bay. This lot has several possibilities, buyer to confirm with town building dept. all plans, requirements & restrictions. Location offers easy access in and out of town for easy commute. Agents and buyers must be accompanied by list agent while on property at all times. Seller anticipates multiple offers on this property and will review all offers on Wednesday September 21, 2016
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Address: 335 Madison Avenue, New York, NY 10017