3500 Sunset Avenue
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 |
|---|---|---|---|
| Feb 5, 2024 | Sold | ||
| Sold | |||
| Jul 3, 2023 | Listed by Blue Marlin Real Estate | $675,000 | |
| Listed by Blue Marlin Real Estate | |||
| Jun 12, 2020 | Sold | ||
| Sold | |||
| May 17, 2020 | Listed by Keller Williams Realty Brevard | $299,000 | |
| Listed by Keller Williams Realty Brevard | |||
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This home has been leased as a commercial office for the past 33 years to Outward Bound, a not for profit organization to help teens. Home can easily be converted back to a single family residence. Roof was replaced 5 yrs ago, septic replaced and upgraded to commercial grade 10/2019, Electric was also upgraded. There is a pole barn that has been enclosed and used as a recreation room and 3 cottages used for housing. These buildings are on the property but not considered in appraised value. A new culvert was put in on the SE side of the property opening up a second entrance. Brevard County Road and Bridge is in the process of paving this portion of Sunset Ave. This 10.5 acre parcel of land is absolutely beautiful. Very wooded with lots of opportunities. Easy access to I-95.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017