49 Fanning Avenue
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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 |
|---|---|---|---|
| Jun 27, 2024 | Sold | ||
| Sold | |||
| May 29, 2024 | In contract | - | |
| In contract | |||
| Apr 19, 2024 | Listed by Douglas Elliman Real Estate | $549,000 | |
| Listed by Douglas Elliman Real Estate | |||
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Welcome to your own piece of paradise! This charming and romantic beach cottage has undergone a complete remodel, ensuring that every inch exudes luxury and comfort. From the moment you step inside, you'll be greeted by a chef's kitchen that would make any culinary enthusiast weak at the knees. It boasts top-of-the-line appliances, gleaming countertops, and ample storage space for all your gourmet gadgets. The elegance doesn't stop there - the living room is a cozy haven, perfect for unwinding after a long day. Imagine snuggling up with your loved ones creating memories that will last a lifetime. Adjacent to the living room, you'll find a dreamy bedroom, where restful nights are guaranteed. The inspiration continues in the bathroom, where a rejuvenating soak in the tub is like stepping into a spa retreat. Yearning for the great outdoors? Step outside onto the gorgeous patio, adorned with comfortable built-in seating and a charming trellis. It's the perfect spot for entertaining guests or simply enjoying a glass of wine as the sun sets over the horizon. Need to cool off after a day in the sun? Look no further than the refreshing outdoor shower, an invigorating oasis just steps away. For the barbecue enthusiasts, a designated area awaits your grilling masterpieces. Picture yourself hosting unforgettable summer soir?es, the aroma of mouthwatering delicacies filling the air. Need extra storage space? Don't worry - a shed provides ample room for all your beach toys, bicycles, and gardening equipment. And with a generous grassy area, there's plenty of space for fun-filled games with family and friends. This captivating cottage is not only a slice of paradise but also conveniently located near pristine beaches, vibrant town amenities, and reliable transportation. Whether you're seeking a tranquil escape or a vibrant coastal lifestyle, this home offers the best of both worlds. Don't miss out on this incredible opportunity to own your dream beach cottage. Experience a life filled with relaxation, inspiration, and joy. Act fast, as this gem won't stay on the market for long. Make this coastal haven your forever home.
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| Dec 20, 2016 | Sold | ||
| Sold | |||
| Aug 3, 2016 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017