22
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401 Andrews Drive
About This Property
Location, location, location! A tropical oasis in the desirable ''South of Fifth Avenue'' district. Featuring a beautiful pool, screened in and resurfaced in 2017. A large covered Lanai and A detached ''pool house'' with one bedroom, full bath, and a small kitchen. Perfect for guests, office, or rental potential. Beautiful neighborhood surrounded by many charming homes nestled between the river and ocean, yet just a short walk or bike ride to beach, river, restaurants, shopping, award winning school, and neighborhood park. So much privacy with a fenced in yard, on a rare 0.43 acre lot featuring a fire pit, outdoor shower, and endless possibilities.
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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 |
|---|---|---|---|
| May 27, 2022 | Sold | ||
| Sold | |||
| Apr 8, 2022 | Listed by One Sotheby's International | $900,000 | |
| Listed by One Sotheby's International | |||
| Feb 19, 2019 | Sold | ||
| Sold | |||
| Jul 16, 2018 | Listed by One Sotheby's International | $589,900 | |
| Listed by One Sotheby's International | |||
| Aug 18, 2014 | Sold | ||
| Sold | |||
Property Highlights
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About River Colony East
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017