79282 Montego Bay Drive #7
About This Property
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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.
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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 6, 2021 | No longer available | - | |
| No longer available | |||
| Apr 9, 2021 | Sold | ||
| Sold | |||
| Jan 26, 2021 | In contract | - | |
| In contract | |||
| Jan 25, 2021 | Listed | $246,000 | |
| Listed | |||
| | |||
|
Remodeled mid-century condo features beautiful views of the 10th fairway, clubhouse & driving range. Updated kitchen w/slab granite counters, quality appliances & cabinetry. Window Walls of glass bathe the interior w/sunlight are reflective coated to reduce A/C costs & provide privacy. Bathrooms have been updated also. Master bathroom has plenty of closet space as well as a door to the exterior patio, which is on the golf course. Second bedroom has access to a 3/4 bath. Unit has a one-car detached garage, plus a golf cart garage off rear patio. This development has only 18 units and HOA of only $425 includes pool, landscaping, water, trash, gas and exterior maintenance (including roof and septic maintenance). Security Association dues of only $199 include cable TV with two boxes with Showtime & HBO, internet, and 24-hour Security!! IID for lower electric, too! Steps to pool and within walking distance of the BDCC Clubhouse. The manager has listed the unit size as 1350 square feet.
| |||
| Jul 22, 2020 | Listed by HK Lane Real Estate | $246,000 | |
| Listed by HK Lane Real Estate | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
01/25/2021
|
2 Bed
|
2 Bath
|
1350 ft²
|
$246,000
2 Bed
2 Bath
1350 ft²
|
-
-
|
-
| |
|
07/22/2020
|
2 Bed
|
2 Bath
|
1350 ft²
|
$246,000
2 Bed
2 Bath
1350 ft²
|
$215,000
-12.60%
04/09/2021
|
Diane Flaherty
Windermere Real Estate
| |
|
04/20/2019
|
2 Bed
|
2 Bath
|
1350 ft²
|
$259,000
2 Bed
2 Bath
1350 ft²
|
-
-
|
-
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017