849 Pine Avenue #M
About This Property
The manager has listed the unit size as 757 square feet.
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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 |
|---|---|---|---|
| Nov 9, 2019 | Sold | ||
| Sold | |||
| Aug 2, 2019 | Listed | $419,000 | |
| Listed | |||
| | |||
|
The Courtyard Lofts were originally designed by the award winning architecture firm Interstices. This sleek modern residence features tall ceilings that accommodate a custom built mezzanine that creates a separate sleeping area for a second bed space or an office. Underneath the loft can be used as a comfortable bedroom with black out curtains to separate the area and create privacy. There are concrete floors, a custom pulley bike rack suspended from the ceiling, large front windows allowing plenty of natural light. The kitchen has black granite counter tops and a Wolf gas stove with a stainless steel hood. The full bathroom includes a soaking tub and rain shower. Relax and listen to the water feature in the tranquil center court yard in your own front patio with built-in-benches. Other features include a tankless water heater, inside laundry and one assigned garage parking space. This intimate 16 lot community is located in downtown Long Beach at the upper end of Pine Avenue just steps to great dining, entertainment and shopping.
| |||
| Feb 9, 2019 | No longer available | - | |
| No longer available | |||
| Nov 2, 2018 | Listed | $479,000 | |
| Listed | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
08/17/2025
|
1 Bed
|
1 Bath
|
1539 ft²
|
$699,000
1 Bed
1 Bath
1539 ft²
|
$640,000
-8.44%
12/30/2025
|
Marie Morgenstern
Berkshire Hathaway HomeService
| |
|
06/04/2024
|
1 Bed
|
1 Bath
|
1606 ft²
|
$725,000
1 Bed
1 Bath
1606 ft²
|
$725,000
02/24/2025
|
Melissa Urena
JohnHart Corp.
| |
|
12/23/2021
|
1 Bed
|
2 Bath
|
1539 ft²
|
$725,000
1 Bed
2 Bath
1539 ft²
|
-
-
|
Jeff Anderson
Keller Williams - Long Beach Pacific Estates
| |
|
04/09/2021
|
2 Bed
|
1 Bath
|
1239 ft²
|
$649,000
2 Bed
1 Bath
1239 ft²
|
-
-
|
Eric West
Balboa Real Estate, Inc
| |
|
04/06/2021
| |
Studio
|
-
|
-
|
$455,000
Studio
-
|
-
-
|
Beatrix Whipple
Keller Williams - Long Beach Pacific Estates
|
|
11/17/2020
|
1 Bed
|
1 Bath
|
1209 ft²
|
$635,000
1 Bed
1 Bath
1209 ft²
|
-
-
|
-
| |
|
08/02/2019
|
1 Bed
|
1 Bath
|
757 ft²
|
$419,000
1 Bed
1 Bath
757 ft²
|
$400,000
-4.53%
11/09/2019
|
Leslie Stonick
Compass
| |
|
11/29/2018
|
2 Bed
|
1 Bath
|
1407 ft²
|
$580,000
2 Bed
1 Bath
1407 ft²
|
$578,000
-0.34%
12/21/2018
|
Jaime Garcia
Compass
| |
|
11/02/2018
|
Studio
|
1 Bath
|
757 ft²
|
$479,000
Studio
1 Bath
757 ft²
|
-
-
|
-
| |
|
06/11/2018
| |
1 Bed
|
1 Bath
|
1209 ft²
|
-
1 Bed
1 Bath
1209 ft²
|
-
-
|
-
|
|
05/23/2018
|
1 Bed
|
-
|
1209 ft²
|
$629,000
1 Bed
-
1209 ft²
|
$629,000
06/29/2018
|
Jennifer Dykema
Keller Williams Pacific Estate
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017