237 29TH ST
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 |
|---|---|---|---|
| Jun 10, 2013 | Sold | ||
| Sold | |||
| Apr 6, 2013 | Listed by Keller Williams Realty - Medford | $949,900 | |
| Listed by Keller Williams Realty - Medford | |||
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One of the last potential tear-downs with a super location in desirable Avalon. Possibilities include a duplex (seller already has two sewer hookups at the street) or a large shore home for the truly discriminating homeowner. The lot is 57ft wide by 110ft deep and less than a block from the inland waterway and Avalon's main shopping area. Less than 3 blocks from the famous Avalon boardwalk and its wonderful wide sandy ocean beach. Imagine the shore vacations . . . Imagine those lazy days on the beach just a four-minute walk away . . . Imagine the friends who'll marvel as you watch sunrises over the ocean and sunsets over the bay from your new rooftop deck. You're not buying a lot...you're investing in a lifestyle you'll LOVE experiencing for years to come.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017