77 Stingray Street
About This Property
77 Stingray Street has an idyllic outdoor space with its 20'x10' pool and spacious back yard. The area surrounding the two-car garage could potentially be converted into a carriage house to increase the sleeping capacity of the home, and the ample private green space behind the garage allows for someone to create a unique and exciting offering like a putting green, large hot tub, or cornhole course. A buyer could also look at renovating the garage area to be a bar with pass-through windows to create an even more dynamic & idyllic backyard entertainment space. This home truly has so many wonderful possibilities for a creative buyer who's looking to build equity!
The interior of the home has a host of updates including luxury vinyl plank flooring throughout, a renovated kitchen, and updated bathrooms. Each bedroom has access to one of the massive 25ft+ balconies that the property boasts. This home is also located only six rows off the Gulf of Mexico and 0.2 miles from the nearest beach access.
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Cap Rate Calculator
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 14, 2025 | Sold | ||
| Sold | |||
| Jan 14, 2025 | In contract | - | |
| In contract | |||
| Aug 14, 2024 | Listed by Compass | $1,250,000 | |
| Listed by Compass | |||
| Mar 29, 2024 | No longer available | - | |
| No longer available | |||
| Feb 21, 2024 | Price Decreased |
$1,399,000
↓ $51K
(3.5%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017