406 Avenue B
About This Property
French doors overlooking Roman-style courtyard with reflecting pool and fountain. All this is surrounded by serene Oak Hammocks. Tile floors throughout, updated kitchen and baths.
Detached garage. Paver driveway adds to the upscale quality and street appeal. Ideally situated, only a few blocks to ocean access and park, river pier and Ryckman park. Downtown amenities include grocery, drug store, restaurants, shops, post office, library and more.
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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 |
|---|---|---|---|
| Dec 28, 2017 | Sold | ||
| Sold | |||
| Oct 17, 2017 | Listed by One Sotheby's International | $320,000 | |
| Listed by One Sotheby's International | |||
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About Melbourne Beach
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Last Updated: 2 years ago
Data Source: Space Coast MLS, MLS# 796002
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Address: 335 Madison Avenue, New York, NY 10017