604 HERMES
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 19, 2023 | No longer available | - | |
| No longer available | |||
| Oct 4, 2023 | In contract | - | |
| In contract | |||
| Sep 9, 2023 | No longer available | - | |
| No longer available | |||
| Sep 8, 2023 | Listed by Real Brokerage Technologies, Inc. | $2,199,999 | |
| Listed by Real Brokerage Technologies, Inc. | |||
| | |||
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The magic of Leucadia awaits - property is located down a quiet driveway off the main streets, and just a short walking distance to the newly
designed, Leucadia 101 Corridor for shopping, dining and walking distance to the beach. This beach modern has 4 bedroom + a loft and has the
option to be an income producing property by easily converting back the 1/1 into an ADU. With its own private entrance and balcony overlooking
the pool and spa, the opportunities are endless. Primary bedroom comes equipped with its own fireplace, walk-in closet, and a balcony overlooking
the private backyard oasis with views of the iconic Pannikin Café. Upstairs loft has the option for a 5th bedroom, office, or game room. You get to
decide! Entertain guests effortlessly at the outdoor bar, complete with a built-in BBQ and space for a mini fridge. A solar-heated pool and spa
invites you to unwind after a long day. Pergola off the kitchen epitomizes outdoor living and an entertainer's dream. 1 block away from Paul Ecke
Central Elementary where parents can enjoy the convenience of walking their children to/from school. This home has it all! Whether you’re an
investor looking for your next STR or a family looking for the best of both worlds - this is the home for you! Homes in this area don’t come on the market often. This is a rare opportunity to own a truly extraordinary property in the highly coveted Leucadia beach community. *last 2 pictures are
an example and virtually staged* The manager has listed the unit size as 2384 square feet.
| |||
| Aug 11, 2023 | Price Decreased |
$2,499,000
↓ $200K
(7.4%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017