261 emerald tower Drive
About This Property
Upon entering, you are greeted by a grand foyer that leads to an expansive open-concept living area, adorned with high ceilings and abundant natural light. The gourmet kitchen is a culinary masterpiece, equipped with top-of-the-line appliances, custom cabinetry, and a spacious island for effortless entertaining.
The dedicated home theater boasts cutting-edge audiovisual technology, providing an immersive cinematic experience for family and friends. Adjacent to the theater is a stylish lounge area, ideal for pre-show gatherings or post-movie discussions.
For fitness enthusiasts, the private gym offers a haven for health and wellness. Fitted with the latest exercise equipment and ample space for various workouts, this g
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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 |
|---|---|---|---|
| Jan 31, 2024 | Sold | ||
| Sold | |||
| Jan 29, 2024 | Listed by MRG REALTY LLC | $1,150,000 | |
| Listed by MRG REALTY LLC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017