5 Park Ridge 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 |
|---|---|---|---|
| Feb 26, 2021 | Sold | ||
| Sold | |||
| Jan 28, 2021 | Listed by RE/MAX Rising Tide/Madden Group | $640,000 | |
| Listed by RE/MAX Rising Tide/Madden Group | |||
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Pirates Cove Beach! Walk just .3 miles from this adorable, move-in ready beach house and be on the sand. Updated kitchen and bath, laundry on the main level, 2 good-sized bedrooms with views of the ocean and an open, bright living area with a wood stove, perfect to take the chill out on those colder evenings. There is also a large deck and yard, perfect for outdoor entertaining or an opportunity for the master gardner to showcase their work. The is ample parking for 3 cars, a rarity in this neighborhood that's located so close to the beach. A full basement area allows for plenty of storage. Excellent rental history and future rental potential. Don't let this one get away!
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| Aug 21, 2018 | Sold | ||
| Sold | |||
| May 23, 2018 | Listed by Bean Group / Portsmouth | $525,000 | |
| Listed by Bean Group / Portsmouth | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017