5960 RIVERSIDE DRIVE
About This Property
With a dock right on the water, you can enjoy direct access to Rose Bay, where you'll have stunning sunset views and the chance to observe abundant wildlife like birds, manatees, and dolphins. You can even fish right from your own dock. For boaters, this property is just minutes to the Intracoastal Waterway and close to the inlet.
The property also features a large studio with its own porch, perfect for creative pursuits, entertaining, or simply enjoying the view. The peaceful surroundings make it an ideal getaway or retirement home, while the location offers easy access to everything you need. It's totally hidden yet close to shopping, dining, and all the amenities this area has to offer, making it the perfect combination of privacy and convenience.
Enjoy walks in the great neighborhood and be surrounded by nature, all while knowing you're just minutes away from everything that makes this area so special.
Don't miss the chance to own this one-of-a-kind waterfront 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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017