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About This Property
to this whereby the Resort Hotel will use it for their guests 320 days. Every quarter, The Accounting department will calculate all the
revenue that came in for each size condo, (1, 2, 3, 0r any sized condo, and the revenue is calculated by unit types) Whether your
unit type rented all 3 months or not, you will receive income, After any expenses are deducted. The Resort is given 55% and the
owners are given 45%. A portion of the income before giving the owner his take home distribution check is put in his Escrow Reserve
first to build it up untill it reaches 20% of the value of the furniture value. This 2 bedroom/ 2 bath unit is the best buy now. Do not let
this one slip away. Homeowner Dues of $306.00 monthly, collected quarterly, and club initiation fee of $8,025. (one time only) with monthly dues of $145. collected quarterly plus sales tax, include the hazard insurance, electric, water, pest services inside, pest services exterior,
painting exterior, cleaning landing, trash removal from the landing in front of your doorway, paver walkways to your condo-tel, path
lighting to your condo, metal roof has a 40 tyear warranty, balcony and walkup iron railing maintenance included, lawn and shrub
care, fertilizer, mulch, grass and plant replacment. Although the information is believd to be accurate it is not guaranteed.
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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 |
|---|---|---|---|
| Nov 3, 2021 | Sold | ||
| Sold | |||
| Sep 23, 2021 | Listed by CENTURY 21 BILL NYE REALTY | $29,000 | |
| Listed by CENTURY 21 BILL NYE REALTY | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017