5233 Palazzo Place
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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.
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 |
|---|---|---|---|
| Apr 16, 2025 | Sold | ||
| Sold | |||
| Mar 30, 2025 | In contract | - | |
| In contract | |||
| Mar 17, 2025 | Listed by Coldwell Banker Realty /Delray Beach | $445,000 | |
| Listed by Coldwell Banker Realty /Delray Beach | |||
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PET FRIENDLY 55+ COMMUNITY! Tuscany Bay-Close to shopping (Whole Foods being built near by & a Pickle Ball complex of off Boynton Beach), the beach is a short drive away, and Atlantic Ave downtown Delray. This community offers theater shows, a clubhouse, pool, fitness classes, club and social activities. This charming 3/2 home has a water view, a spacious screened in patio, tile throughout common areas, laminate in two bedrooms, vaulted ceilings, and inside laundry. A/C replaced 2021. Come take a look today!! 6 x's HOA Fee for capital contribution, min credit score of 680, 6 months HOA includes Cable (Comcast), Internet, Alarm Monitoring service, and Lawn Service. Selling semi furnished or unfurnished. CALL TODAY FOR SHOWING APPOINTMENT!!!
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| Sep 28, 2009 | Sold | ||
| Sold | |||
| Jan 31, 2005 | Sold | ||
| Sold | |||
Property Highlights
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About Tuscany Bay
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017