5073 Atlantic View
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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%.
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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.
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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 |
|---|---|---|---|
| Apr 30, 2020 | Sold | ||
| Sold | |||
| May 16, 2019 | Listed by WATSON REALTY CORP | $875,000 | |
| Listed by WATSON REALTY CORP | |||
| May 23, 2016 | Listed by WEICHERT REALTORS CROWN PROPERTIES | $895,000 | |
| Listed by WEICHERT REALTORS CROWN PROPERTIES | |||
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Fabulous concrete block 3 story home with ocean views, great floor plan and upgrades galore including an elevator and wiring for a generator! Three bedrooms. three and one-half baths, two car garage, 5 porches (2 are screened), Australian Cypress floors, crown molding, gourmet kitchen with eat-in alcove plus separate dining room (chandalier does NOT convey), living room with gas fireplace surrounded by built -ins, and a den/office. Seller will offer $5000 painting allowance at closing. Large laundry room has sink in large vanity (washer and dryer do NOT convey. Great closets including storage under the stairs. No HOA in this neighborhood. This home is located in the middle of a block with a beach access at each end of the block (Magnolia and Palmetto). Driveway has pavers and large backyard with room for a pool. Three A/C units - one replaced 5/16. Exterior painted 2013. Sprinkler system operates from a well (not drinking water).
Elevator is not operating because it is tenant operated. Seller will restore service to the elevator with fully executed contract plus provide a $5,000 painting allowance at closing. Other SF of 525 includes the two screened porches. Does not include garage 599 SF. Security system installed but not activated.
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| Jul 14, 2007 | Listed by WATSON REALTY CORP | $1,198,000 | |
| Listed by WATSON REALTY CORP | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017