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623 Walnut Avenue #3
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%.
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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.
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 |
|---|---|---|---|
| Apr 2, 2019 | Sold | ||
| Sold | |||
| Feb 22, 2019 | Listed by Keller Williams Realty | $399,900 | |
| Listed by Keller Williams Realty | |||
| Nov 21, 2018 | Sold | ||
| Sold | |||
| Aug 20, 2018 | Listed by Keller Williams Pacific Estate | $299,000 | |
| Listed by Keller Williams Pacific Estate | |||
| | |||
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Set in an enviable location just one mile from the beach, close to restaurants and entertainment, this two-bedroom condo is beautifully-presented and move-in ready. Recently painted and boasting a remodeled kitchen and bathrooms, this unit is bright, welcoming and oozing a relaxed charm. The open-plan design allows for a seamless flow between the kitchen, dining and living spaces. Whether you’re entertaining a large group or preparing an intimate dinner, the updated appliances in the kitchen, ample bench space with granite counters, gas cooking plus overhead and under-bench storage, will make catering a breeze. Both bedrooms enjoy an abundance of natural light, ceiling fans and built-in robes while the master is complete with an ensuite. The second bedroom has easy access to the updated main bathroom with bath. A covered balcony, additional storage throughout the condo and secure parking complete the list of impressive features. All of this is located close to Downtown, 4th Street Retro Row and public transport links while the freeway is also easily accessible.
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Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
07/11/2020
|
2 Bed
|
2 Bath
|
820 ft²
|
$409,900
2 Bed
2 Bath
820 ft²
|
-
-
|
-
| |
|
11/15/2019
|
2 Bed
|
2 Bath
|
810 ft²
|
$420,000
2 Bed
2 Bath
810 ft²
|
-
-
|
-
| |
|
02/26/2019
|
2 Bed
|
2 Bath
|
794 ft²
|
$319,000
2 Bed
2 Bath
794 ft²
|
$313,000
-1.88%
05/10/2019
|
Mod O'Connell
Century 21 On Target
| |
|
02/22/2019
|
2 Bed
|
2 Bath
|
820 ft²
|
$399,900
2 Bed
2 Bath
820 ft²
|
$388,000
-2.98%
04/02/2019
|
Ron Pineda
Keller Williams Realty
| |
|
08/20/2018
|
2 Bed
|
2 Bath
|
820 ft²
|
$299,000
2 Bed
2 Bath
820 ft²
|
$306,500
+2.51%
11/21/2018
|
Brian Gonzales
Keller Williams Realty
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017