42 RITZ COVE Drive
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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 |
|---|---|---|---|
| Aug 23, 2018 | No longer available | - | |
| No longer available | |||
| Jul 16, 2018 | Sold | ||
| Sold | |||
| May 30, 2018 | Listed | $4,999,000 | |
| Listed | |||
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A gorgeous jewel box situated in Ritz Cove on the second row from Ocean, this 4 Bedroom home is absolutely exquisite. Magnificently built, you enjoy luxurious amenities at every turn, including a Theatre, Billiard Room with Bar, and a Wine Room. The VIEWS out over the ocean from the Master and the Great Room are absolutely lovely. Lounge by the pool in the summer and soak up the sun, or put out the Wind Sensor Awnings for some warm shade. Cozy up to the Outdoor Fireplace in the evening. There is a spectacular subterranean garage with room for up to 5 cars. This is such a rare luxury to live on the second row from the beach and to have ample room to park several cars in your own garage, AND to be able to walk to the beach.... A fabulous barbecue allows for amazing outdoor entertaining. There are new Solar Panels, and a Whole House fan, which makes this a very Green Home. The Family Room Great Room is open to the kitchen, and boasts a built-in Plasma TV over the handsome fireplace. Spectacular casework throughout and a new Quartz Slab countertop in the kitchen adds incredible designer beauty. Incredible fruit trees bursting with lovely lemons and limes grow by the outdoor fountain. The Theatre has a Murphy bed for the optional 4th bedroom! There is a lovely casework Bar area behind the Family Great Room with pull-out refrigerator drawers and crystal display shelving. Also available for Lease. This is a Dream Home! The manager has listed the unit size as 4570 square feet.
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| Dec 1, 2017 | Listed by Realty One Group, Inc. | $4,999,000 | |
| Listed by Realty One Group, Inc. | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017