289 Reef Point Way #2
About This Property
The manager has listed the unit size as 1569 square feet.
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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 30, 2019 | No longer available | - | |
| No longer available | |||
| Oct 12, 2019 | Price Decreased |
$425,000
↓ $25K
(5.6%) | |
| Price Decreased | |||
| Sep 16, 2019 | Listed | $450,000 | |
| Listed | |||
| Sep 25, 2013 | Sold | ||
| Sold | |||
| Feb 6, 2013 | Listed | $299,000 | |
| Listed | |||
| | |||
|
Buyer to verify all information before close of escrow. Wonderful Town Home in Pelican Cove. Large open floor plan with attached 2 car garage. Neighborhoods: Pelican Cove Equipment: Garage Door Opener, Range/Oven Other Fees: 0 Sewer: Sewer Connected Topography: LL
| |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
02/14/2020
|
2 Bed
|
2 Bath
|
1005 ft²
|
$360,000
2 Bed
2 Bath
1005 ft²
|
$360,000
03/20/2020
|
Justin Tye
Active Realty Inc
| |
|
09/16/2019
|
4 Bed
|
3 Bath
|
1569 ft²
|
$450,000
4 Bed
3 Bath
1569 ft²
|
-
-
|
-
| |
|
02/06/2013
|
4 Bed
|
3 Bath
|
1569 ft²
|
$299,000
4 Bed
3 Bath
1569 ft²
|
$282,000
-5.69%
09/25/2013
|
James Baxter
Realty Place
| |
|
08/31/2012
|
2 Bed
|
2 Bath
|
1005 ft²
|
$189,900
2 Bed
2 Bath
1005 ft²
|
$195,000
+2.69%
09/28/2012
|
Polly Watts
Wedgewood Homes Realty
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017