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48 Dolphin Ave
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 20, 2010 | Sold | ||
| Sold | |||
| Feb 11, 2010 | Listed by RE/MAX Real Estate Center | $324,999 | |
| Listed by RE/MAX Real Estate Center | |||
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Oceanfront single family has been used as two family for years. Currently set up as first floor 2 bedroom 1 bath 2nd floor 1 bedroom 1 bath. Can convert to 4/5 bed 2 bath single or petition to convert to a legal two family. Has inlaw/additional living space in basement with bath. Location, location, location! Ocean views, deck, cedar closet, garage, steps to beach, very desirable waterfront/beach neighborhood. Possibilities abound!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017