9650 Chianti Classico Ter Terrace
About This Property
Boca Bridges is the most prestigious GL Homes lifestyle community. Offering dramatic gated entrance with manned gate and security patrol. The extensive amenities Boca Bridges offer include the state-of-the-art 27,000 SqFt clubhouse that offers sophisticated resort-style amenities such as a full service restaurant and lounge, pool side bistro, fitness center with studios offering a variety of classes, his & hers locker rooms with sauna and massage rooms, indoor sports court, card rooms, kids activity center, 7 tennis courts, 4 pickleball courts, multiple pools with kids splash park, outdoor sports court, kids playground and party pavilion.
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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 |
|---|---|---|---|
| Mar 1, 2024 | Sold | ||
| Sold | |||
| Oct 12, 2023 | Listed by Engel & Volkers Boca Raton | $5,890,000 | |
| Listed by Engel & Volkers Boca Raton | |||
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About Palm Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017