511 28th Street
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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 |
|---|---|---|---|
| Jun 2, 2024 | No longer available | - | |
| No longer available | |||
| Feb 5, 2024 | Price Decreased |
$975,000
↓ $20K
(2%) | |
| Price Decreased | |||
| Aug 23, 2023 | Listed by Palm Beach Brokerage | $995,000 | |
| Listed by Palm Beach Brokerage | |||
| | |||
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Chic Midcentury 2-bedroom 2 bath pool home in the coveted Old Historic Northwood.This fabulous CBS home has an open floorplan with a large living, dinning, and sun filled family room overlooking the pool. The bedrooms are split with an ensuite primary bedroom. Separate laundry room and pantry between the kitchen and one car garage.The oversized heated pool and backyard are ideal for entertaining with a tiki hut/ bar and 2 covered dining areas. This is the perfect home for a winter retreat, vacation rental or year-round residence. Centrally located within walking distance to shops, restaurants and the intracoastal. Less than 5 miles to downtown West Palm Beach and Palm Beach Island. Easy access to 95 and PBI Airport. A must see! The manager has listed the unit size as 1560 square feet.
| |||
| Apr 10, 2014 | Sold | ||
| Sold | |||
| Nov 14, 2013 | Listed by ERA Home Run Real Estate | $120,000 | |
| Listed by ERA Home Run Real Estate | |||
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About Northwood
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017