5111 Broadway
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 |
|---|---|---|---|
| Dec 1, 2022 | No longer available | - | |
| No longer available | |||
| Sep 13, 2022 | Listed by Buildout Realty, LLC. | $900,000 | |
| Listed by Buildout Realty, LLC. | |||
| | |||
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GREAT OPPORTUNITY for investors a twelve (12) unit apartment building located less than 3 blocks away from the Intracoastal, with complete set of plans under process for building permit approval. Recently, the community just finished development on the long anticipated main Boulevard and the area is lush with tropical style trees and foliage and it's right next to Downtown West Palm Beach playgrounds, golf courses. great unit mix of four (1) one bedroom / one bathroom units, and four (2) two bedroom / one bathroom units.
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| Mar 22, 2022 | No longer available | - | |
| No longer available | |||
| Feb 10, 2022 | In contract | - | |
| In contract | |||
| Jan 11, 2022 | No longer available | - | |
| No longer available | |||
Property Highlights
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About North Palm Beach
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
$9,000 /mo
- 3 Beds
- 1 Bath
- 1,296 ft²
$7,750 /mo
- 3 Beds
- 2 Baths
- 1,835 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017