8 Folgers Way #8
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 |
|---|---|---|---|
| Feb 14, 2025 | Sold | ||
| Sold | |||
| Jan 15, 2025 | In contract | - | |
| In contract | |||
| Jan 8, 2025 | Listed by Griffin Realty Group | $1,195,000 | |
| Listed by Griffin Realty Group | |||
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Breathe in the crisp sea air from this ocean-view cottage with deeded beach rights! Perfectly located a 1-minute walk from the private beach, and less than a 15-minute drive to a variety of shopping, restaurants, wildlife refuges, and entertainment this delightful 2 bed 2 bath 1100 sqft cottage is sure to charm you! This fresh-faced beauty welcomes you with colorful window boxes and into an open-concept home with lofty ceilings and rooms brimming with sunlight through gorgeous towering windows and French doors. The kitchen boasts bright white cabinetry, sparkling granite countertops, and stainless steel appliances. Wide plank hardwood floors can be found throughout. Ample bedrooms and bright contemporary bathrooms along with ocean views wherever you turn bring ripples of serene calm. Bask in this haven, come view today!
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Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
01/08/2025
|
2 Bed
|
2 Bath
|
580 ft²
|
$1,195,000
2 Bed
2 Bath
580 ft²
|
$1,150,500
-3.72%
02/14/2025
|
Danny Griffin
Griffin Realty Group
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017