505 Outer Drive #138
About This Property
Brand new kitchen,New hurricane impact windows and shutters,newer roof and air,This senior gated community provides complimentary R.V. & Boat parking,View of the launches,Low HOA fees which include cable,internet,lawn care &evening security.
enjoy the pool,clubhouse,tennis courts and activities galore.Remember,you own your land.Furniture negotiable....
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Cap Rate Calculator
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 |
|---|---|---|---|
| Mar 6, 2023 | Sold | ||
| Sold | |||
| Sep 23, 2022 | Listed by LaRocque & Co., Realtors | $282,000 | |
| Listed by LaRocque & Co., Realtors | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
09/23/2022
|
3 Bed
|
2 Bath
|
1475 ft²
|
$282,000
3 Bed
2 Bath
1475 ft²
|
$276,500
-1.95%
03/06/2023
|
Janice Riley
LaRocque & Co., Realtors
| |
|
03/06/2015
| |
3 Bed
|
2 Bath
|
1475 ft²
|
$74,900
3 Bed
2 Bath
1475 ft²
|
$74,000
-1.20%
10/14/2015
|
Karen A Biamonte
RE/MAX Elite
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017