49 Summit Avenue
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 |
|---|---|---|---|
| Oct 1, 2024 | Sold | ||
| Sold | |||
| Sep 6, 2024 | In contract | - | |
| In contract | |||
| Aug 2, 2024 | Listed by Gibson Sotheby's International Realty | $649,900 | |
| Listed by Gibson Sotheby's International Realty | |||
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Location, location, location! Nestled in the highly coveted Green Hill area of Hull, this corner lot offers year-round views of Straits Pond and the smell of the ocean air. Just a short stroll from Black Rock Beach and surrounded by upscale, multi-million dollar homes, this property promises unlimited potential. Conveniently located near multiple beaches and a variety of restaurants, this is your chance to make this home your own in one of Hull's most desirable neighborhoods. While the home may need some TLC to reach its full potential, it provides a perfect canvas for your vision. Don’t miss out—schedule your private showing today and embrace the coastal lifestyle you’ve always desired! Seller welcomes offers with requests for buyer concessions.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017