524 Phoenix AVENUE
About This Property
Experience timeless elegance and coastal living in this enchanting 4-bedroom, 3-bathroom beachside retreat, just steps away from the sandy shores. Built in 1915, this two-story home beautifully blends historic charm with modern upgrades. Original wood floors, solid surface counters, and gleaming stainless-steel appliances adorn the kitchens, creating an inviting atmosphere for both family gatherings and entertaining.
Perfectly designed for multi-generational living or as an income-generating property, this residence offers two full kitchens and a spacious bonus room adaptable for guests, a home office, or a cozy media retreat. A dual-sided fireplace adds warmth and ambiance to both living areas, seamlessly uniting comfort and character. Recent improvements include a new metal roof and hurricane-rated windows, enhancing durability while maintaining its classic appeal. Don't miss this rare opportunity to own a piece of beachside history with all the modern luxuries you desire!
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Cap Rate Calculator
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 |
|---|---|---|---|
| Mar 7, 2025 | Sold | ||
| Sold | |||
| Feb 5, 2025 | In contract | - | |
| In contract | |||
| Jan 25, 2025 | Relisted | $349,000 | |
| Relisted | |||
| Dec 16, 2024 | In contract | - | |
| In contract | |||
| Nov 27, 2024 | Price Decreased |
$349,000
↓ $20K
(5.4%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017