618 78th AVENUE
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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%.
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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.
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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 19, 2023 | Sold | ||
| Sold | |||
| Apr 28, 2023 | Sold | ||
| Sold | |||
| Dec 3, 2022 | No longer available | - | |
| No longer available | |||
| Nov 7, 2022 | Listed by Weichert Realtors Sun Sand Sea | $925,000 | |
| Listed by Weichert Realtors Sun Sand Sea | |||
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Charming beach bungalow, designed in a tropical Key West motif. This home is the 3rd door back from Blind Pass waterway seawall. Extensive landscaping in front and luxuriant tropical foliage around the large patio and deck in the backyard provides the perfect setting for maximum enjoyment of the kidney shaped pool. There is plenty of parking with long circular and side driveways to park cars and your boat. As you enter the front door you will be struck by the amount of light that fills this home. This is a split bedroom home with master suite and en-suite bath including a jetted tub with hand held shower, a walk-in closet, and a pool view and direct pool access through a wall of high impact windows and door. The other two bedrooms share a bathroom with a walk in shower and custom sink and cabinets. The living room and dining room share access to the pool area. The kitchen features wood cabinets with reconfigurable shelves to maximize storage space according to any changing needs. The unique and colorful kitchen countertop is Vetrazzo, which is recycled glass in concrete. Kitchen appliances consist of white double oven stove, large refrigerator and dishwasher to complement the Key West vibe. There is a large great room with a full beach mural, vaulted beamed ceiling and tongue and groove panels. The laundry room and garage -- which has been converted into a work room, storage area and pet condo -- top off the heated square feet. A screened in porch is accessible from the laundry room. The home has had many updates: electrical panel in 2012, redesigned garage 2012, windows and doors in the master bedroom in 2015, HVAC system plus Ultra Violet air purifier in 2021, flat roof 2021, main roof Nov 2022, water heater in 2021, pool updated with Wet Edge Luna Quartz surface and waterline tile in 2019, pool deck painted in 2022, pool filter and pump in 2022. Front and back sprinkler system uses reclaimed water. All windows are double hung. The home is one-quarter mile from three waterfront restaurants, one-half mile from Upham Beach and close to Corey Avenue and all that this area has to offer. This home is bright, beachy and ready to be enjoyed. Ariel photos do not show the new roof. The manager has listed the unit size as 2009 square feet.
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| Oct 7, 2022 | Listed by SUN SAND & SEA HOMES REALTY | $895,000 | |
| Listed by SUN SAND & SEA HOMES REALTY | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017