About This Property
The restaurant opened its doors in November 2021, and it was completely renovated: salon, kitchen, electrical installation, everything new. Its first owner was an expert in barbecues, he had already had other similar restaurants in other states. He sold the restaurant to retire. The new owners maintained the quality of the food, the recipes and the menu. They are one of the few food offerings in the plaza. There is no competition around, at least 15 miles around.
Opportunities for growth: add tap beer, food truck, catering and franchising.
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Cap Rate Calculator
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 16, 2024 | Sold | ||
| Sold | |||
| Dec 10, 2024 | In contract | - | |
| In contract | |||
| Nov 14, 2024 | Price Decreased |
$106,000
↓ $89K
(45.6%) | |
| Price Decreased | |||
| Aug 28, 2024 | Price Decreased |
$195,000
↓ $55K
(22%) | |
| Price Decreased | |||
| May 21, 2024 | Listed by FLORIDA 360 REALTY LLC | $250,000 | |
| Listed by FLORIDA 360 REALTY LLC | |||
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Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
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FLORIDA 360 REALTY LLC
Last Updated: 2 years ago
Data Source: Stellar MLS, MLS# O6207422
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017