523/193 Riverleigh Avenue
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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%.
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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.
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 |
|---|---|---|---|
| May 1, 2024 | Sold | ||
| Sold | |||
| Feb 20, 2024 | In contract | - | |
| In contract | |||
| Feb 14, 2024 | Listed by Bagshaw Real Estate L.L.C | $135,000 | |
| Listed by Bagshaw Real Estate L.L.C | |||
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55 and older community. This unit has many upgrades including windows and heating system. Renovated sun-room. There are two big bedrooms and two bathrooms. Eat-in-kitchen and formal dining room. New deck going into unit. Also a wheel chair lift. Carport and shed. All buyers must be approved by Riverwoods. Must have a 650 credit score and show income of $2700. per month. Cash sale or pre-approval letter from mortgage company needed. Land rent is $1097. per month . That includes snow and trash removal. Cesspool maintenance . Use of the Clubhouse. Ocean access with permit.
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Data Source: OneKey MLS
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017