5125 Napoli RUN
About This Property
The unparalleled amenities and activities at Esplanade just can't be beat. Facilities include an Amenity Center with a workout room, card room, kitchen, fire pit, bocce courts, and 2 pools. And then the Golf Course which is always in tip top condition, is flanked by the Tennis Courts and Pro Shop, and the Bahama Bar where you overlook the Resort Pool and Driving Range with Floating Greens! The Wellness Center in the middle has workout rooms, studio classrooms, mens and ladies locker rooms, a salon, Tranquility Room, Massage Rooms, and a snack cafe. The event lawn has access to the Culinary Center and Grand Ballroom that can accommodate a full complement of golfers or a massive wedding. The wrap-around Terrace overlooks the 18th Green and fountain. There is also the Barrel House Bistro, Pizza Pick Up, Tasting Room, & Wine Lockers! You can enter this impressive building through the grand entry to the right of the main Parking Lot. Yes there is also golf cart parking.
What activities take place at Esplanade? From card games, wine tastings, to Bocce, to Pickleball, to Bike Clubs, to Mah Jong, Trivia, Poker, to Seasonal Parties... if you want something, the salaried pros, managers, activities directors, and restaurant personnel under ICON Management can make it happen!
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017