54 Black Rock Dr
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 |
|---|---|---|---|
| Jun 9, 2016 | Sold | ||
| Sold | |||
| Jan 28, 2016 | Listed by Douglas Elliman Real Estate | $650,000 | |
| Listed by Douglas Elliman Real Estate | |||
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This offering represents a truly unique opportunity to build your dream home on the last remaining home site at the award winning Residences at Black Rock, a gated, 360-acre golf course community. Work with your architect and builder to design and construct your new home in this private location, which features spectacular granite outcroppings and intimate views of the par-3 second hole. The Unit Development Right (UDR) allows the buyer to build a home up to 6,000 sf, with up to 6 bedrooms and attached 4-car garage. House plans will require approval by the Seller and ownership is subject to a Declaration of Covenants and Restrictions and the Black Rock Condominium documents.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017