4
Map
3416 Spring Street #2
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%.
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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 |
|---|---|---|---|
| Feb 21, 2014 | Sold | ||
| Sold | |||
| Feb 6, 2014 | Listed by RE/MAX Preferred | $239,000 | |
| Listed by RE/MAX Preferred | |||
| | |||
|
RARELY AVAILABLE BEACH AREA TOWNHOME. FEELS A BIT KEY WEST. SHORT STEPS TO PRIVATE BEACH AREA FOR RESIDENTS. COMFORTABLE 2 BR/2BA LAYOUT WITH AN OPEN KITCHEN AND LOTS OF GLASS. GREAT LIGHT AND OPEN SPACE. PRIVATE REAR DECK WITH HOT TUB AND TROPICAL F OLIAGE. ENCLOSED GARAGE, TOO.
| |||
| Apr 30, 2013 | Sold | ||
| Sold | |||
| Dec 12, 2012 | Listed by P&S Group Inc. | $250,000 | |
| Listed by P&S Group Inc. | |||
| | |||
|
2 BR, 2.5 BA townhouse just a short walk to the Ocean, private beach area for residents.
| |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
02/06/2014
|
2 Bed
|
2 Bath
|
1199 ft²
|
$239,000
2 Bed
2 Bath
1199 ft²
|
$220,000
-7.95%
02/21/2014
|
Linda Mannix Burt
RE/MAX Preferred
| |
|
12/12/2012
|
2 Bed
|
2 Bath
|
1383 ft²
|
$250,000
2 Bed
2 Bath
1383 ft²
|
$231,000
-7.60%
04/30/2013
|
Sallie Poletto-Cavanaugh
P&S Group Inc.
| |
|
01/29/2010
|
2 Bed
|
2 Bath
|
1540 ft²
|
$224,900
2 Bed
2 Bath
1540 ft²
|
$202,000
-10.18%
05/19/2010
|
Ginger Gowing
London Realty Corp
|
Building Info
About Hillsboro Shores
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017