3911 Back Bay Drive #121
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 |
|---|---|---|---|
| Aug 6, 2019 | Sold | ||
| Sold | |||
| Jun 3, 2019 | Listed by Preferred Residential Prop | $529,000 | |
| Listed by Preferred Residential Prop | |||
| May 4, 2015 | Sold | ||
| Sold | |||
| Nov 25, 2014 | Listed by Illustrated Properties LLC (Jupiter) | $380,000 | |
| Listed by Illustrated Properties LLC (Jupiter) | |||
| | |||
|
Highly desirable and rarely available 1st floor end unit with water view on beautiful Back Bay Drive. High ceilings, great floor plan, and pretty setting. Gated community, with 4 levels of membership available at country club, but NOT required. West Bay has a outstanding community pool for all West Bay residents.
Building roof was replaced this past summer.
| |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
09/01/2024
|
3 Bed
|
2 Bath
|
1839 ft²
|
$789,000
3 Bed
2 Bath
1839 ft²
|
$630,000
-20.15%
05/01/2025
|
Susan Holt
Compass Florida LLC
| |
|
02/23/2024
|
3 Bed
|
2 Bath
|
1839 ft²
|
$799,999
3 Bed
2 Bath
1839 ft²
|
-
-
|
Leslie A Gesner
Village Realty Group LLC
| |
|
05/06/2021
|
3 Bed
|
2 Bath
|
1839 ft²
|
$470,000
3 Bed
2 Bath
1839 ft²
|
$450,000
-4.26%
06/30/2021
|
Kathryn Guidi Maloney
LPT Realty, LLC
| |
|
12/16/2020
|
3 Bed
|
2 Bath
|
1654 ft²
|
$449,000
3 Bed
2 Bath
1654 ft²
|
$404,000
-10.02%
04/06/2021
|
Kathryn Guidi Maloney
LPT Realty, LLC
| |
|
05/02/2020
|
3 Bed
|
2 Bath
|
1654 ft²
|
$459,000
3 Bed
2 Bath
1654 ft²
|
-
-
|
-
| |
|
06/03/2019
|
3 Bed
|
2 Bath
|
1724 ft²
|
$529,000
3 Bed
2 Bath
1724 ft²
|
$500,000
-5.48%
08/06/2019
|
Mark Meckly
Preferred Residential Prop
| |
|
11/11/2018
|
3 Bed
|
2 Bath
|
1839 ft²
|
$499,500
3 Bed
2 Bath
1839 ft²
|
$465,000
-6.91%
05/17/2019
|
Kathryn Guidi Maloney
LPT Realty, LLC
| |
|
11/03/2014
|
3 Bed
|
2 Bath
|
1839 ft²
|
$419,000
3 Bed
2 Bath
1839 ft²
|
$385,000
-8.11%
02/17/2015
|
Mark Meckly
Preferred Residential Prop
| |
|
11/25/2014
|
3 Bed
|
2 Bath
|
1724 ft²
|
$380,000
3 Bed
2 Bath
1724 ft²
|
$360,000
-5.26%
05/04/2015
|
Kathryn Guidi Maloney
LPT Realty, LLC
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017