416 Central Avenue
About This Property
Second floor laundry room, three more bedrooms with generous custom closets and window treatments. On the third floor, full bathroom with another entertainment room, & a separate bedroom or gym. Each corner of the home exudes comfort and style. Exceptional opportunity to call Spring Lake home, just blocks to the beach, downtown & lake. All that is left is to unpack!
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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 |
|---|---|---|---|
| Oct 1, 2024 | Sold | ||
| Sold | |||
| Aug 2, 2024 | In contract | - | |
| In contract | |||
| Jul 11, 2024 | Listed by Ward Wight Sotheby's International Realty | $3,750,000 | |
| Listed by Ward Wight Sotheby's International Realty | |||
| Aug 20, 2021 | Sold | ||
| Sold | |||
| Apr 27, 2021 | Listed by Berkshire Hathaway HomeServices Fox & Roach - Spring Lake | $2,400,000 | |
| Listed by Berkshire Hathaway HomeServices Fox & Roach - Spring Lake | |||
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Privacy Prevails in this two-year young sun filled custom home. This three story, 6 Bedroom 5 Bath Melillo designed beauty is located on a quiet street just 5 Blocks to the beautiful Spring Lake Beach. This home features extensive custom finishes including a gourmet kitchen with Sub-Zero/Wolf appliance package, quartz counter tops, and huge center island. Large open family room which flows perfectly for entertaining your guests. Third story Recreation Room with Bedroom and full bath. Custom carpentry and moldings throughout make this home truly magnificent. Approval has been granted for an 18 x 12 in-ground pool. 1-Year Home Warranty Included!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017