623 Walnut Avenue #5
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 |
|---|---|---|---|
| Sep 11, 2019 | No longer available | - | |
| No longer available | |||
| Aug 1, 2019 | Listed | $399,000 | |
| Listed | |||
| | |||
|
This beautifully remodeled unit has all the features you are looking for: 2 bedrooms, 2 bathrooms, 2 parking spaces, inside laundry. The front door opens into a fresh, open concept floor plan. The completely new kitchen features stainless steel appliances, waterfall quartz counter top, subway tile back splash, and shaker style cabinets. Newer dual pane windows and waterproof vinyl plank flooring throughout the entire condo makes care and maintenance easy. The inside laundry closet includes a washer/dryer. Recessed LED lighting throughout gives a finished look. There are two well proportioned bedrooms with ample light, closet space and sleek remote controlled ceiling fans. The remodeled bathrooms are tastefully appointed with quartz counter tops, glass tiled niche for your shampoos, a sleek and modern sink and a high tech mirror with LED lights that turn on when you touch the iPhone inspired button. A calm, tranquil balcony off the master bedroom has a newly built wood fence which gives you privacy and allows you to relax after a busy day. The unit comes with 2 assigned tandem parking spaces that has a semi private entrance up to your condo. Perfectly located, this unit is only 2 blocks to the restaurants and shops on Retro Row and the beach is close by! The manager has listed the unit size as 794 square feet.
| |||
| May 10, 2019 | Sold | ||
| Sold | |||
| Feb 26, 2019 | Listed by Century 21 On Target | $319,000 | |
| Listed by Century 21 On Target | |||
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