241 Monarch Bay Drive
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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 |
|---|---|---|---|
| Apr 10, 2018 | Sold | ||
| Sold | |||
| Jan 2, 2018 | Listed by Keller Williams Realty | $4,998,000 | |
| Listed by Keller Williams Realty | |||
| Jul 29, 2017 | Listed | $5,250,000 | |
| Listed | |||
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NOT LEASED LAND! Fee Simple Beautiful NEW CUSTOM HOME. Enjoy one of the most sought after communities on the coast. Design, Architecture, and Detail abounds in this newly completed estate within the gates of Monarch Bay, rivaling any other property ever offered in this Exclusive Community. Located on one of the largest interior lots, it is a Resort unto itself. Private and Quiet but just a short golf cart hop away from the fabled Beach Club and Community Beach. Beautiful Single Level Floorplan surrounds a private central Atrium. The Custom Wine Cellar adjoins the inviting Formal Entry. The Light and Bright Spacious Living Room leads past the Atrium to the Grand Family Room, Formal Dining Room, Kitchen/Great Room to the extraordinary back yard. A Bonus/Den/ or 5th Bedroom adjoins the family room and now serving as a playroom. A grand hall joins the secondary bedrooms to the Master Suite. With a list of detailed workmanship and features too length to include, treat yourself to a visit of your new future home. An incredible opportunity within Monarch Bay. The manager has listed the unit size as 4010 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017