15
Map
404 Avenue B
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 |
|---|---|---|---|
| Aug 3, 2020 | Sold | ||
| Sold | |||
| Jul 9, 2020 | No longer available | - | |
| No longer available | |||
| Jun 25, 2020 | Listed | $349,000 | |
| Listed | |||
| | |||
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Owner Motivated! Amazing RARE opportunity to own .41 of an acre in the heart of Melbourne Beach. 1/8 of a mile to both ocean & river access. Property has a 1650sq ft home & 750sq ft garage but value is mostly in the land. Don't miss this one! Bring offer! The manager has listed the unit size as 1638 square feet.
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| May 20, 2020 | Listed by Waterman Real Estate, Inc. | $395,000 | |
| Listed by Waterman Real Estate, Inc. | |||
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|
Owner Motivated! Amazing RARE opportunity to own almost 3/4 of an acre in the heart of Melbourne Beach. Drive thru access from A1A & Ave B, which is perfect for trailers, trucks, & boats! 1/8 of a mile to both ocean & river access. Property has a 1650sq ft home & 750sq ft garage but value is mostly in the land. Don't miss this one! Bring offer!
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| Jan 19, 2020 | No longer available | - | |
| No longer available | |||
Property Highlights
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About Melbourne Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017