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232 Cathy Place
About This Property
Whether you're an investor looking to build a profitable multi-family rental or Airbnb, or dreaming of your own personal beach retreat, this property offers flexibility, location, and potential. Mature palms and oaks provide a lush coastal backdrop, with city water hook up readily available and sewer available. An exceptional opportunity in a prime beachside setting! Property in this neighborhood doesn't come available often! Don't miss this opportunity, CALL TODAY/// Let's make this dream your reality. ALL MEASUREMENTS ARE APPROXIMATE AND SHOULD BE VERIFIED BY BUYER.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017