1
Map
85 Prospect Avenue
About This Property
Elegant entry with lovely front door. The expansive living room features a fireplace plus classic sconces light up the space. Exquisite lighting fixtures throughout the home. Remodeled bath with a claw foot tub and rain shower. All newer plumbing fixtures. Lovely hardware through out. The dining room has built-in cabinetry with marble counter, lovely french doors and beautiful chandelier. There is copper plumbing and upgraded electrical. Forced air heat and central air conditioning. The home has a lovely enclosed garden with an amazing iron entry gate. This home speaks volumes of the era in which it was first built, but with modern updates! Excellent location on the corner of Prospect and 1st just one block from the ocean, and easy walk to the Belmont Shore business district.
Payment Calculator
Your Estimated Monthly Payment
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 |
|---|---|---|---|
| Mar 9, 2020 | No longer available | - | |
| No longer available | |||
| Dec 11, 2019 | Listed by Engel & Volkers Long Beach | $1,079,900 | |
| Listed by Engel & Volkers Long Beach | |||
| | |||
|
Explore the enchanting lifestyle this Spanish-style charmer has to offer - uniquely situated steps from both the beach and Belmont Shore's vibrant business district along Second Street. Classic 1926 original detailing, including coved ceilings and archways, are paired perfectly alongside beautifully remodeled modern comforts. Ideal for those that love to cook, this home offers a generous kitchen that includes a GE french-door refrigerator, Calcatta Umber Marble countertops, farmhouse sink, and highlighted by the gorgeous La Cornue range. Other features include beautiful hardwood flooring throughout, SimpliSafe home security, central heating, and air controlled by Nest thermostat and smoke detectors. Enjoy summer evenings outside in the gated front-yard and edible garden complete with mature pomegranate tree, passion fruit, and an olive tree. Take a walk through the friendly, palm tree-lined streets of this neighborhood to Rosie's Dog Beach a block away, the Belmont Pool, or one the many shops, restaurants, and coffee shops. 85 Prospect is Southern-California living at it's finest. Welcome home. The manager has listed the unit size as 1390 square feet.
| |||
| Oct 16, 2018 | Sold | ||
| Sold | |||
| Sep 26, 2018 | Listed by Re/Max R. E. Specialists | $1,000,000 | |
| Listed by Re/Max R. E. Specialists | |||
Property Highlights
Building Info
Comparables
Status
Price/ft²
Listed On
Sold On
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017