1 Ocean Avenue
About This Property
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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 |
|---|---|---|---|
| Jul 31, 2014 | Sold | ||
| Sold | |||
| Jun 27, 2014 | Sold | ||
| Sold | |||
| May 15, 2014 | Listed by Molisse Realty Group | $1,550,000 | |
| Listed by Molisse Realty Group | |||
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Steps to Minot Beach, this " Cottage Near The Sea " has been renovated to perfection and is sited beautifully on perfect flat land along the celebrity row of Minot that Mayors and Governors have called home for generations. The renovation is stunning inside and out, with the house beautifully returned to its original grandeur with a wrap around porch that epitomizes the unique lifestyle of Ocean Avenue at the corner of Gannett Road within sight and sound of the Atlantic !!!!! With all new state-of-the-art systems, high end finishes and a spectacular open floor plan, the heart of the house is a wow kitchen and multiple sets of French doors open to the wide mahogany porches and broad sweep of lawn and sidewalk to the beach. Upstairs there are four bedrooms, including the master suite, plus French doors leading to a library/office or fifth bedroom if desired. Finishing touches are being completed so that a new family can enjoy the good life in this ultra prime storm-safe location !!!
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| Dec 12, 2013 | Sold | ||
| Sold | |||
| Jul 12, 2013 | Listed by Dean & Hamilton REALTORS® | $1,950,000 | |
| Listed by Dean & Hamilton REALTORS® | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017