1044 Ocean Boulevard #1B
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%.
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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 |
|---|---|---|---|
| Oct 9, 2023 | Listed by Carey Giampa, LLC/Seabrook Beach | $1,389,000 | |
| Listed by Carey Giampa, LLC/Seabrook Beach | |||
| | |||
|
Rare opportunity to purchase the best located unit within the nine unit Dory Inn Condominiums sited on a 3/4 acre direct sandy beachfront lot in an area of multiple multi-million dollar beachfront homes and estates - the location doesn't get better than this! Spectacular first floor, center unit featuring a private 32' oceanfront patio with private stairway to the sandy beach for direct access to and from the residence. Open concept design reveals the ocean views the minute you enter the front door and continues throughout the living room and bedrooms. Stunning primary suite with extra built-in, walk-in closet and a new custom bath with tile/marble accents/floors and direct access to the oceanfront patio. Wake up to the sounds of the ocean crashing on the beach! Guest bedroom features a pull down murphy-styled bed for weekend guests, a small desk/study area and direct access on to the private oceanfront patio. New luxury hall bath for guests features walk-in tile/marble shower, custom fixtures and additional built-ins. Common guest grilling/picnic area. Elevator service to all four floors including basement function room and deeded/locked storage. Current owner is year round but it would make an ideal summer home or guest space for nearby homes wanting their own access to the ocean and beach while living in the area. Two deeded parking spaces plus guest parking. Don't miss this opportunity to purchase a sliver of paradise on Plaice Cove Beach!
| |||
| Oct 6, 2023 | Sold | ||
| Sold | |||
| Jul 21, 2022 | Sold | ||
| Sold | |||
| Jun 9, 2022 | Listed by Carey Giampa, LLC/Seabrook Beach | $1,219,000 | |
| Listed by Carey Giampa, LLC/Seabrook Beach | |||
| | |||
|
Rare opportunity to purchase the best located unit within the nine unit Dory Inn Condominiums sited on a 3/4 acre direct sandy beachfront lot in an area of multiple multi-million dollar beachfront homes and estates - the location doesn't get better than this! Spectacular first floor, center unit featuring a private 32' oceanfront patio with private stairway to the sandy beach for direct access to and from the residence. Open concept design reveals the ocean views the minute you enter the front door and continues throughout the living room and bedrooms. Stunning primary suite with extra built-in, walk-in closet and a new custom bath with tile/marble accents/floors and direct access to the oceanfront patio. Wake up to the sounds of the ocean crashing on the beach! Guest bedroom features a pull down murphy-styled bed for weekend guests, a small desk/study area and direct access on to the private oceanfront patio. New luxury hall bath for guests features walk-in tile/marble shower, custom fixtures and additional built-ins. Common guest grilling/picnic area. Elevator service to all four floors including basement function room and deeded/locked storage. Current owner is year round but it would make an ideal summer home or guest space for nearby homes wanting their own access to the ocean and beach while living in the area. Two deeded parking spaces plus guest parking. Don't miss this opportunity to purchase a sliver of paradise on Plaice Cove Beach!
| |||
| Jun 14, 2019 | Sold | ||
| Sold | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
10/09/2023
|
2 Bed
|
-
|
901 ft²
|
$1,389,000
2 Bed
-
901 ft²
|
$1,389,000
10/09/2023
|
Patrick Carey
Carey Giampa, LLC/Seabrook Beach
| |
|
07/05/2023
|
2 Bed
|
1 Bath
|
930 ft²
|
$1,295,000
2 Bed
1 Bath
930 ft²
|
$1,250,000
-3.47%
07/26/2023
|
Jim Giampa
Carey Giampa, LLC/Rye
| |
|
06/09/2022
|
2 Bed
|
-
|
901 ft²
|
$1,219,000
2 Bed
-
901 ft²
|
$1,265,000
+3.77%
07/21/2022
|
Patrick Carey
Carey Giampa, LLC/Seabrook Beach
| |
|
05/07/2019
|
2 Bed
|
2 Bath
|
1243 ft²
|
$839,900
2 Bed
2 Bath
1243 ft²
|
$800,000
-4.75%
07/03/2020
|
Mary Corcoran
East Coast Group One Realty
| |
|
08/09/2018
|
2 Bed
|
1 Bath
|
901 ft²
|
$895,000
2 Bed
1 Bath
901 ft²
|
$850,000
-5.03%
06/14/2019
|
Patrick Carey
Carey Giampa, LLC/Seabrook Beach
| |
|
01/30/2015
|
2 Bed
|
2 Bath
|
1053 ft²
|
$895,000
2 Bed
2 Bath
1053 ft²
|
$895,000
05/11/2015
|
Jim Giampa
Carey Giampa, LLC/Rye
| |
|
09/06/2013
|
2 Bed
|
2 Bath
|
901 ft²
|
$699,900
2 Bed
2 Bath
901 ft²
|
$600,000
-14.27%
09/16/2013
|
-
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017