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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.
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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 |
|---|---|---|---|
| Jul 16, 2010 | Sold | ||
| Sold | |||
| Jan 28, 2010 | Listed by William Raveis-Florida LLC | $2,750,000 | |
| Listed by William Raveis-Florida LLC | |||
| Aug 22, 2008 | Listed by Downing Frye Realty Inc. | $3,900,000 | |
| Listed by Downing Frye Realty Inc. | |||
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Located in Port Royal directly across the street from the Cutlass Cove Resident's Private Beach Access. Single deeded lot is oversized offering .79 acres in total land area per boundary survey … which is the equivalent of the land area for a lot and a half. Dock already in place with water and power. Enjoy long southerly water views from this property down Cutlass Cove PLUS private beach access literally across the street! Super close to Gordon Pass. Property is gated. Agents see Confidential Comments for additional details. Beachfront home across the street at 4000 Gordon Drive with 150 feet of beach frontage (MLS# 208034632 under Residential) also available from same owners. Rare opportunity for your clients to own a beachfront property and navigable waterfront property directly across the street from one another.
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About Naples
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$10,000 /mo
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$6,900 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017