5872 Spinnaker Bay Drive
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 |
|---|---|---|---|
| Oct 1, 2018 | No longer available | - | |
| No longer available | |||
| Sep 28, 2018 | Sold | ||
| Sold | |||
| May 30, 2018 | Listed | $1,799,000 | |
| Listed | |||
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This gorgeous home has been elegantly upgraded throughout and feels like you're in paradise! Enjoy wonderful water views and serene sunsets while enjoying the ocean breeze or cozy up to the fireplace in the great room while looking out to the tropically landscaped patio and amazing water views! Upgrades include travertine flooring, granite counters, breakfast bar plus dining room and eating area, dramatic bi-fold patio doors and custom light fixtures throughout. In addition, to the 3 bedrooms, property also features a fabulous loft area that is being used as an office/TV area. The large master suite features water views, balcony and sumptuous master bath with classic claw foot tub and separate shower, dual sinks, walk-in closets and custom tile flooring. The manager has listed the unit size as 2700 square feet.
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| Mar 9, 2018 | Listed by Coldwell Banker Coastal Alliance | $1,799,000 | |
| Listed by Coldwell Banker Coastal Alliance | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017