3 Grove Street
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 |
|---|---|---|---|
| Jul 21, 2015 | Sold | ||
| Sold | |||
| Mar 31, 2015 | Listed by Jack Conway - Conway On The Bay | $129,000 | |
| Listed by Jack Conway - Conway On The Bay | |||
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Think summer! Water views and steps to the beach from this adorable cottage. Own your own little slice of paradise. Enter through front porch (perfect sleeping porch for guests) surrounded by windows and water views. Cozy living room with window seat. Bright and sunny eat-in kitchen with water views. Master bedroom and bath. Fully furnished and ready to enjoy the summer! Nice back yard with water views, perfect for cookouts and entertaining. This beach location and stroll to the village makes for a perfect summer home with great rental potential as well. Won't last at this price!
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| Jun 30, 2006 | Sold | ||
| Sold | |||
| Nov 9, 1988 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017