2318 NE 29TH ST
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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 |
|---|---|---|---|
| Aug 13, 2020 | Sold | ||
| Sold | |||
| Jun 1, 2020 | No longer available | - | |
| No longer available | |||
| Mar 9, 2020 | Price Decreased |
$2,090,000
↓ $85K
(3.9%) | |
| Price Decreased | |||
| Jan 5, 2020 | Price Decreased |
$2,175,000
↓ $84K
(3.7%) | |
| Price Decreased | |||
| Nov 17, 2019 | Listed by All Prime Realty Inc | $2,259,000 | |
| Listed by All Prime Realty Inc | |||
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Boater's dream, less than a mile from dock to the ocean. BRAND NEW BARREL ROOF. Completely rebuilt in 1997. w/150 ft of deep water & sought after south exposure on Island St. in Lighthouse Point. An open and modern floor plan boasts over 4600 sq ft under air with 4 large bedrooms on both the first and second levels with en-suite bathrooms, including a cabana bath with access to outside shower, and single 1/2 bath. The master bedroom features a morning kitchen and private balcony overlooking your private 120 foot dock. The second upstairs bedroom also features a private balcony. Open kitchen with eat-in area, plus a formal dining room and sit down bar, all opening into a spacious living area w /fireplace & reading nook, impact glass window & doors, 500 bottle wine cellar, A/C 2 car garage. The manager has listed the unit size as 4883 square feet.
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About Lighthouse Point
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017