70 Ocean Boulevard
About This Property
SF of living space, wood flooring, deck and a built in garage. Bring your tools
and imagination and bring this one back to its former glory! *** Property
Condition Disclosure: left rear fascia and soffit in disrepair, section of
exterior shingles are removed, left side fascia in disrepair, there is a hole in
foyer wall and floor tiles in disrepair, there is a hole in closet bedroom wall,
floor tiles are removed from lower level family and utility rooms and treated for
discoloration, lower level bathroom gutted, sections of sheet rock walls are
removed in the garage and in the spare room. ***
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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 |
|---|---|---|---|
| Feb 25, 2019 | Sold | ||
| Sold | |||
| Oct 11, 2018 | Listed by RealHome Services and Solutions, Inc | $105,100 | |
| Listed by RealHome Services and Solutions, Inc | |||
| Jul 29, 2017 | Listed | $160,000 | |
| Listed | |||
| | |||
|
Best of both worlds! Bay views and view of wooded protected land! Perfect location. Family room, formal living room, 3 spacious bedrooms and garage located on lovely Osborn Island. Buyer responsible for certificate of occupancy, home sold as is. THIS PROPERTY DID FLOOD FROM STORM OF 10/29/2012 SELLER OR LISING AGENT MAKE NO REPRESENTATION AS TO CONDITION OF THIS PROPERTY IT IS UP TO BUYERS DUE DILIGENCE The manager has listed the unit size as 1722 square feet.
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About Mystic Island
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Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 21839999
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017