59 Point Allerton Ave
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 |
|---|---|---|---|
| Dec 29, 2020 | Sold | ||
| Sold | |||
| Sep 28, 2020 | Listed by Coastal Countryside Properties | $985,000 | |
| Listed by Coastal Countryside Properties | |||
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This compound has been in the same family since 1967. With the lot cleared and ready to go, this is truly a once in a lifetime chance to build the home of your dreams. Showings through Wednesday, 9/30.. Offers reviewed on Thursday, 10/1. Minimum bid, $985,000. Can be purchased with adjacent oceanside lot containing an additional 19,048 s.f. (See MLS # 72733309) or individually. Subject to Planning Board, ANR approval. Note: The address of 59 Point Allerton Ave is an estimate, the land has no address and would be assigned through the assessors office.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017