400 N Cypress Drive #12
About This Property
Occupy the entire space, just one and lease the other or lease the entirety! Many options to be had with this premium property. Would be an excellent location for a Tequesta based business to avoid the traffic of the upcoming US-1 bridge construction.
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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 7, 2022 | Sold | ||
| Sold | |||
| May 19, 2022 | Listed by Water Pointe Realty Group | $725,000 | |
| Listed by Water Pointe Realty Group | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
05/19/2022
|
Loft
|
2 Bath
|
-
|
$725,000
Loft
2 Bath
|
$690,000
-4.83%
12/07/2022
|
Neal VanderWaal
Water Pointe Realty Group
|
Building Info
About Tequesta
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$2,825 /mo
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$2,700 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017