631 BEACH Avenue
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 |
|---|---|---|---|
| Oct 17, 2023 | Sold | ||
| Sold | |||
| Nov 3, 2016 | Sold | ||
| Sold | |||
| Jun 14, 2016 | Listed by BERKSHIRE HATHAWAY HOMESERVICES FLORIDA NETWORK REALTY | $3,975,000 | |
| Listed by BERKSHIRE HATHAWAY HOMESERVICES FLORIDA NETWORK REALTY | |||
| Jan 12, 2011 | Sold | ||
| Sold | |||
| Nov 10, 2009 | Listed by WATSON REALTY CORP | $2,490,000 | |
| Listed by WATSON REALTY CORP | |||
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Classical styled beach home totally renovated main systems in approx. 1993 on extra deep lot. ''Grandfathered-in'' 3 car garage & apartment newly built in 2007. Main house updated in last 3 yrs. w/ new kitchen, master bath, & library/Fl Room w/ radiant heated tile floor. Pool w/ under water speakers new in 2009. Other improvements include gated electric entry, new fabricated stone driveway, insulation added, newer HVAC systems, copper flashing, & attached 2 car garage. Ideal location, short stroll to town center.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017