50 Palm Square
About This Property
City's vibrant ''Central Core'' downtown district, with the pristine beach also just a 5-minute bike-ride away. This property has an Old Florida charm and takes on a fresh new personality in this rare gem, originally built in 1929, sit's on a double lot
and was recently restored in keeping with its special character, nestled in an exotic and alluring garden paradise laden with palm trees, foliage and greenery
making the backyard a leafy oasis. Less than a block off Atlantic Avenue makes for easy walking to everything downtown, and a short walk to the beach or marina.
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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.
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About Palm Square
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$8,500 /mo
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$6,000 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017