85 Elizabeth Avenue
About This Property
The main level boasts a gourmet kitchen equipped with top-of-the-line appliances, granite countertops, and ample storage space. The adjoining dining area and multiple living spaces provide the perfect setting for intimate family gatherings or large-scale entertaining. Full finished basement with living room, full bath and kitchenette. space to entertain. NO SOLAR LEASE - Solar System is included. 16KW Generac, generator takes care of all the important appliances. Sprinkler System on well, paver driveway 2 sump pumps with French drain. Don't miss out. Call for your own private viewing.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Sep 20, 2023 | Sold | ||
| Sold | |||
| Jul 29, 2023 | In contract | - | |
| In contract | |||
| Jun 2, 2023 | Price Decreased |
$799,900
↓ $50K
(5.9%) | |
| Price Decreased | |||
| Apr 19, 2023 | Price Increased |
$849,900
↑ $50K
(6.3%) | |
| Price Increased | |||
| Sep 1, 2022 | Listed by Keller Williams Preferred Properties, Manahawkin | $799,900 | |
| Listed by Keller Williams Preferred Properties, Manahawkin | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017