623 3rd Street
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 11, 2020 | Sold | ||
| Sold | |||
| Nov 10, 2020 | Listed by Realty Associates | $359,999 | |
| Listed by Realty Associates | |||
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Beautiful 50ft of waterfront on Galveston Bay! This is 2 bedroom 2 full bathroom with huge family and dinning rooms that is open to view of water. Covered porch overlooking the water, with cool breeze. Comes furnished for a quick & easy move in or second vacation home, or rent it out on Airbnb for little extra income. Each bedroom has a private balcony to enjoy. Bay windows have storm shutters for that extra protection from storms. Call today to set your private tour. https://youtu.be/Vcoa_1E-4GE
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017