564 Bosphorous AVENUE
About This Property
BUILD YOUR DREAM HOME ON AN UNUSUALLY SPACIOUS LOT. SITUATED ON THE CURVE OF
THIS INTERIOR CANAL, BUILDING AN ELEVATED HOME WOULD AFFORD AMAZING VISTAS UP AND
DOWN THE CANAL. REGRETUFULLY THE EXISTING 1946 HOME SITUATED ON THE LOT DID HAVE
WATER INTRUSION DURING HELENE. SINCE THE STORMS, HOWEVER, THERE HAS BEEN A
REMARKABLE INTEREST IN LARGE LOTS ON DAVIS ISLANDS.. WATERFRONT HAS ALWAYS BEEN
PRIZED, AS A LIMITED COMMODITY, IT IS IN GREAT DEMAND. DAVIS ISLANDS OFFERS POPULAR
RESTAURANTS, COFFE SHOPS, AS WELL AS PARKS AND PLAYGROUNDS. MINUTES FROM
DOWNTOWN AND TGH, IT IS DIFFICULT TO FIND A SHORTER COMMUTE. COME AND ENJOY THE
ULTIMATE URBAN LIFESTYLE.
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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 |
|---|---|---|---|
| Feb 3, 2025 | Sold | ||
| Sold | |||
| Dec 3, 2024 | In contract | - | |
| In contract | |||
| Nov 6, 2024 | Listed by SMITH & ASSOCIATES REAL ESTATE | $1,995,000 | |
| Listed by SMITH & ASSOCIATES REAL ESTATE | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017