874 Azalea Street
About This Property
Some of the home features include smart home crestron automation with modern keypads to control lighting and motorized shades, Sonos surround speakers throughout, Wide plank European oak engineered wood flooring and porcelain slab tile on the interior, cedar tongue and groove ceilings in the master suite and covered outdoor spaces, an optional glass elevator and Dominican coral stone hardscape exterior details.
The Fully enclosed motor-court with motorized gates complete the front entry. The 3 car garages include electric vehicle charging. There is a security system with cctv camera monitoring. The house is backed up by a whole house emergency generator.
Disclaimer: Builder and/or Seller reserve the right to make changes and/or modifications to plans, specifications, features, colors and prices. All plans, elevation renderings, and videos shown are artists' conceptions and are not to scale. The information herein is believed to accurate but not guaranteed and may be subject to errors, omissions and changes without notice. All measurements, dimensions, room sizes and lot sizes are approximate.
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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 |
|---|---|---|---|
| Jun 23, 2023 | Sold | ||
| Sold | |||
| Apr 7, 2023 | Listed by Coldwell Banker | $6,495,000 | |
| Listed by Coldwell Banker | |||
| Dec 30, 2022 | No longer available | - | |
| No longer available | |||
| Jun 26, 2022 | Listed by Coldwell Banker | $6,850,000 | |
| Listed by Coldwell Banker | |||
| Jan 10, 2022 | Sold | ||
| Sold | |||
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About Boca Raton
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017