275 Phillips Road
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 |
|---|---|---|---|
| Apr 23, 2024 | Sold | ||
| Sold | |||
| Mar 14, 2024 | In contract | - | |
| In contract | |||
| Mar 5, 2024 | Listed by Sotheby's International Realty - Sandwich Brokerage | $1,999,000 | |
| Listed by Sotheby's International Realty - Sandwich Brokerage | |||
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This well maintained beachfront jewel features three bedrooms, each offering a tranquil escape from the world. Each morning, wake up to the soothing sounds of the ocean and breathtaking views from your bedroom window. The primary bedroom on the upper level offers a private balcony and bath. Immersed in the beauty of this natural oasis, this mesmerizing location is surrounded by flowing beach grass. Step outside onto the expansive wrap-a-round deck, and you are greeted by the gentle sound of the waves and an invigorating sea breeze as you look out to the horizon. You will cherish this coastal haven lifestyle, savoring breathtaking sunrises and sunsets. This is not a house but a home where you will create lifelong memories with family and friends.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017