24 Briggs Avenue
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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 |
|---|---|---|---|
| Dec 2, 2019 | Sold | ||
| Sold | |||
| Oct 28, 2019 | Listed by Compass | $1,895,000 | |
| Listed by Compass | |||
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Unmatched quality and style in this extensively remodeled ocean-view home. Located within walking distance to the vibrance of Encinitas living; stroll to Swamis or the shops and dining of downtown. This is the ultimate combination of location and coastal elegance with a multipurpose floor-plan to suit you needs. Remodeled in 2018/2019 to include: custom kitchen cabinetry, herringbone tile, Restoration Hardware lighting, brass fixtures & hardware, solid mahogany staircase and much more. See supplement. Remodel includes: Backyard, irrigation, raised planters, trees, bamboo, front yard stucco planter, aggregate driveway, driveway drainage system/ linear drain, windows and doors, deck completely redone and re-waterproofed with new tile, drains on deck, all new walkway with drains on west and east side of property, scree on plaster, Mahogany fences, solid Mahogany staircase, Mahogany siding on deck, outdoor lighting, air-conditioning: two separate systems up and down and into third car garage for gym, outdoor shower, completely remodeled bathrooms, California Closets, herringbone set tile, completely remodeled kitchen with Wolf and Subzero, farmers sink, cabinets, Restoration Hardware lighting fixtures, high-end brass fixtures and hardware, gas line to deck and to back patio, window coverings and security system.. Neighborhoods: West of I-5 Equipment: Garage Door Opener Other Fees: 0 Sewer: Sewer Connected Topography: LL,GSL
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| Mar 18, 2013 | Sold | ||
| Sold | |||
| Feb 12, 2013 | Listed by First Team Real Estate | $949,000 | |
| Listed by First Team Real Estate | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017