606 Esplanade #4
About This Property
Ocean View from the Living room and one master suite with 2 large Ocean view Balconies that call you to sit and relax, breath in the fresh ocean breezes and enjoy the views. 2 Masters suites located on the middle floor with bathrooms that have new cabinets, new counter tops and new fixtures. Top level is an open floor plan featuring laminate wood floors, high ceilings with wood beams, fireplace, dining area and open kitchen with gorgeous custom cabinets, granite counters w/ space for counter seating and new stainless steal appliances. New interior paint and new carpet throughout. Direct access to attached private double garage with large walk in storage room, guest parking also available distance to the beach!!
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Cap Rate Calculator
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 |
|---|---|---|---|
| Jun 28, 2019 | Sold | ||
| Sold | |||
| May 7, 2019 | Listed by Griffin Real Estate, Inc. | $1,199,990 | |
| Listed by Griffin Real Estate, Inc. | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
05/07/2019
|
2 Bed
|
3 Bath
|
1582 ft²
|
$1,199,990
2 Bed
3 Bath
1582 ft²
|
$1,190,000
-0.83%
06/28/2019
|
Alaura Clennon
Griffin Real Estate Inc
| |
|
03/29/2018
|
2 Bed
|
2 Bath
|
1600 ft²
|
$1,199,000
2 Bed
2 Bath
1600 ft²
|
$1,235,000
+3.00%
06/01/2018
|
Camille Elminoufi
Beach City Brokers
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017