1040 N Ocean Boulevard
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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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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 28, 2022 | Sold | ||
| Sold | |||
| Nov 24, 2021 | Listed by The Corcoran Group | $2,495,000 | |
| Listed by The Corcoran Group | |||
| | |||
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Of all the wonderful reasons to buy a single-family residence in the exclusive town of Gulfstream one of the most irresistible features isn't even tangible. It is the sense of serenity, comfort, beauty, and lifestyle the community offers. Located at 1040 N Ocean, just moments to the beach, this 3 bedroom 2 bath home offers 2,600 TSQ. Completely renovated in 2016 (taken down to the studs) the light-infused interior space makes the biggest impression. Reimagined for relaxed and refined modern living the home exudes charm and sophistication. Additional interior features include tile floors, a brand new gourmet kitchen, crown molding, custom pecky cypress details, barn doors, California closets, and impact windows and doors. For those relaxing Florida, evenings enjoy the warm ocean breeze, built-in Jacuzzi, firepit, and covered pergola. Beautiful tropically landscaped oversized yard complete the secluded and peaceful setting and combine to make this one of the most compelling offerings in Gulf Stream.
Extraordinary entertainment and culture are abundant in Palm Beach County and superb restaurants serving diverse cuisines flourish nearby.
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| Nov 2, 2015 | Sold | ||
| Sold | |||
| Jun 29, 2015 | Listed by Mangrove Realty Inc | $849,000 | |
| Listed by Mangrove Realty Inc | |||
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About Gulf Stream
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017