8 Gray Circle
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 3, 2025 | Sold | ||
| Sold | |||
| Jan 6, 2025 | In contract | - | |
| In contract | |||
| Sep 17, 2024 | Price Decreased |
$750,000
↓ $25K
(3.2%) | |
| Price Decreased | |||
| Jun 6, 2024 | Listed by Sagan Harborside Sotheby's International Realty | $775,000 | |
| Listed by Sagan Harborside Sotheby's International Realty | |||
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Step into your own slice of coastal paradise with this charming home just six houses from the beach. From the moment you enter, you'll be greeted by the timeless elegance of high ceilings and exquisite woodwork throughout. This home boasts spacious rooms filled with natural light, creating an inviting atmosphere for both relaxation and entertainment. The spacious living room invites you to unwind in style, with its generous proportions and abundant natural light. The beautiful dining room with its built-in china cabinet and stunning stained glass decorative window, adds a touch of elegance to every mealtime. Upstairs, discover three bedrooms alongside a versatile office space, providing ample room for work or play.Ascend to the third floor to find a luxurious ensuite retreat, complete with additional sitting areas perfect for unwinding after a day at the beach or transforming into your own private office oasis. Outside, a charming patio and backyard to enjoy along with a 2 car garage!
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| Nov 25, 2009 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017