About This Property
**Training and Support:** Owners will stay for an extended period to provide comprehensive training, facilitating a smooth transition and ensuring a complete understanding of production nuances for operational efficiency. **Reason for Selling:** Given the seller's culinary background, they have been given an opportunity to manage and operate a production restaurant in South Carolina. **Confidentiality:** Due to the sensitive nature of this sale, interested parties will be required to complete a Non-Disclosure Agreement (NDA) to receive detailed information about the business, including financials, operations, and growth opportunities.
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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 |
|---|---|---|---|
| Aug 30, 2024 | Sold | ||
| Sold | |||
| Jul 22, 2024 | In contract | - | |
| In contract | |||
| Jun 3, 2024 | Listed by BRODERICK & ASSOCIATES INC | $125,000 | |
| Listed by BRODERICK & ASSOCIATES INC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017