5 Fern 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 |
|---|---|---|---|
| May 22, 2024 | Sold | ||
| Sold | |||
| Mar 8, 2024 | In contract | - | |
| In contract | |||
| Feb 23, 2024 | Listed by Kinlin Grover Compass | $499,900 | |
| Listed by Kinlin Grover Compass | |||
| | |||
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WELCOME HOME! Smell the ocean air from this tastefully renovated 3-bedroom, 1 full bath home only 1/10th of a mile to the beach! A long list of renovations; roof, windows, siding, trim, gutters, flooring, paint, appliances, kitchen, bath, and all new furnishings! Step inside the charming 3 season front porch with new screens, flooring & paint - perfect place for morning coffee or summer evenings. From here you enter the living room with wood floors, fresh paint & new recessed lighting. Kitchen with dining area, new granite countertop, sink, faucet, white cabinetry, new appliances, wood floors, washer/dryer hookup and new door to side deck for great cookouts! Upstairs are 3 bedrooms, all with new flooring, fresh paint, new fixtures and beautifully furnished. Lovely new full bath. Gas heat, town water & town sewer! Property has been re-supported from under house, crawl space with bulkhead access. Level yard, shed, close to beach, restaurant - a Perfect Airbnb ready to go!
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| Nov 21, 2023 | Withdrawn | - | |
| Withdrawn | |||
| Oct 16, 2023 | Price Decreased |
$529,000
↓ $21K
(3.8%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017