231 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 |
|---|---|---|---|
| Aug 12, 2025 | Sold | ||
| Sold | |||
| Jul 19, 2025 | In contract | - | |
| In contract | |||
| Jul 17, 2025 | Listed by Walzel Properties - The Woodlands | $275,000 | |
| Listed by Walzel Properties - The Woodlands | |||
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This custom built home is just a block away from the water! No flooding per seller! You will love the covered front and back porches, and nice sized corner lot. As you enter the home you will notice the luxury vinyl floors (no carpet), high ceilings, gas fireplace and living area open to the kitchen and dining area. The kitchen has an island, oak cabinets and granite countertops. The gas fireplace is the focal point of the living area with nice windows looking out onto the front porch. The primary bath has a separate soaking tub and shower. The Generac home generator relieves any concerns about power outages! Two car garage could be a workshop, a man cave, or a place to host guests for a football party with a garage door that opens in the back as well as the front. The covered back porch is great for grilling or parties. No HOA, enjoy this great bay community!
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| Dec 22, 2022 | Sold | ||
| Sold | |||
| Nov 15, 2022 | Listed by Keller Williams Hou Preferred | $240,000 | |
| Listed by Keller Williams Hou Preferred | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017