816 2ND Street
About This Property
Wide-plank wood floors flow throughout the home, enhancing its timeless sophistication. Sunlight pours in through expansive windows, creating a bright and inviting ambiance in every room. Step into the backyard and enjoy a covered state-of-the-art entertainers dream, including a summer kitchen, bathroom, an outdoor fireplace, a dedicated TV area, and a private bathroom, all designed for seamless entertaining or quiet relaxation. A lush, low-maintenance turf green space creates a pristine area for relaxation and play. Every detail of this home has been crafted to offer unparalleled luxury and modern convenience. Whether enjoying the custom interiors or hosting unforgettable outdoor events, this property is a masterpiece in coastal living.
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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 19, 2025 | Sold | ||
| Sold | |||
| Jan 19, 2025 | In contract | - | |
| In contract | |||
| Jan 2, 2025 | Listed by KELLER WILLIAMS REALTY ATLANTIC PARTNERS | $2,300,000 | |
| Listed by KELLER WILLIAMS REALTY ATLANTIC PARTNERS | |||
| Apr 12, 2021 | Sold | ||
| Sold | |||
| Feb 1, 2021 | Listed by KELLER WILLIAMS REALTY ATLANTIC PARTNERS | $1,265,000 | |
| Listed by KELLER WILLIAMS REALTY ATLANTIC PARTNERS | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017