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3131 Corte Hermosa
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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 |
|---|---|---|---|
| Sep 14, 2020 | Sold | ||
| Sold | |||
| Jun 20, 2020 | Listed by Emerald Bay Real Estate | $1,499,000 | |
| Listed by Emerald Bay Real Estate | |||
| Oct 30, 2018 | Sold | ||
| Sold | |||
| Oct 9, 2018 | Listed by Surterre Properties Inc. | $1,435,000 | |
| Listed by Surterre Properties Inc. | |||
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Impressive, highly upgraded, turn-key, three bedroom, two and a half bath home, with two car garage in the prestigious guarded community of Newport Canyon. Upon entry you will see the beautiful hardwood floors, light and bright vaulted ceilings opening up to the living room with fireplace. The expanded open kitchen is fully equipped with stainless steel appliances, vast kitchen island with a prep sink, walk-in pantry, ample storage with a built-in wine fridge and storage just down the hall. The family room has large sliders that open to the well-manicured backyard with built in BBQ , stovetop and sink for all of your entertaining needs. Upstairs the Master Suite is impeccable with beautiful craftsmanship of the brand-new spa-inspired bath with dual head shower, separate soaking tub and walk in master closet. This home has spared no expense with a nest thermostat, surround sound, newly remodeled full-size bathrooms, epoxy garage, premium appliances, dual pane windows, recessed lighting, wood and travertine flooring, landscaping and so much more. Home has community pool as well as located close to Back Bay, Bonita Creek Park and trails.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017