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952 NW 8th Street
About This Property
Roof 2001 - see additional info below
Photo Voltaic system 2006 - first system in S Florida tied to grid. 2600 Watt system with supplies approx. 20% of annual energy needed in the home. Has generated 50,000 KW hours to date.
Kitchen floors and counters redone 2009
Main electrical panel replaced/rewired/upgraded 2015
Household surge protector 2015
Roof solar Hot Water panel
Garbage disposal 2015
Garage door Hurricane Impact Resistant 2016
Dishwasher - Bosch 2019
Pool pump 2019
Main A/C 2020 - 5 ton, 16 SEER Rheem split system with UV disinfectant system
Garage side door Hurricane Impact Resistant 2021
Pool resurfaced and tiles replaced 2021
Master bathroom completely renovated 2021
House exterior repainted 2021
Roof replacement in 2001 - Caldwell Roofing - the following additional reinforcement was done per owner:
- gables all reinforced with cross ties for hurricane wind conditions to resist leaning out/in (assorted 2x4,6 and 1x2,4 elements as needed)
- The two large Gables (west and east) secured to wall concrete tie beams below with structural steel 90 degree angle plates every ~ 3ft using tapcons , and lag screws into the Gable bottom plates.
- Garage gable secured at base with steel plates as possible and 2x's to joist below otherwise.
- All trusses w/o structural 90 degree angle plates connecting them to the wall concrete below were secured to concrete using: 16 penny common coated nails to fasten plates/straps to the trusses with nails bent on far side to prevent being pulled out; and tapcons to fasten the plates/straps into the concrete below. Approximately 70% of the truss wall connections were upgraded in this way.
- The few trusses that were unable to be tied directly to concrete were given additional cross ties to securely fastened neighboring trusses.
- Southern corner of 4 westernmost roof trusses connected to each other and western large gable using 2x6's producing one 8 x 8 ft "wind hardened structural element" at SW corner of roof (overhanging corner in pool enclosure).
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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%.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017