2400 Crescent Road
About This Property
The Holley By the Sea development is a well-established / sought after location know for its reasonable association fees ($595 per year) and unrivaled list of amenities. This includes a 48+ acre waterfront park with recreation complex that includes multiple swimming pools, 8 lighted tennis courts, full weight room, game room and a long list of outdoor features such as basketball courts, handball courts, volleyball, walking trail and gill pavilion, just to name a few. See the amenity sheet in the photos!
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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