10536 Ocean Drive
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 |
|---|---|---|---|
| May 6, 2022 | Sold | ||
| Sold | |||
| Feb 25, 2022 | Listed by Boulevard Realty | $649,000 | |
| Listed by Boulevard Realty | |||
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WATERFRONT! Extensively renovated bayfront property in Beach City with gorgeous views of the bay throughout the home. So many improvements that they won’t all fit here, but some of the noteworthy include a new roof, all new windows, fresh paint (inside & out), new flooring, a new septic system, and light fixtures (complete renovation list in attachments). The charm of the brick exterior extends to the inside with many lovely brick elements, highlighted by the floor-to-ceiling brick fireplace in the two-story living room. Windows galore ensure the home receives generous natural light and features many wonderful views of the bay. Huge deck over the attached two-car garage has plumbing for an outdoor kitchen. Substantial backyard greenspace. Workshop attached to the garage is 10’ x 23’ which has flexibility in use as it's AC/heated. Per the seller, 107 ft of bulkhead. Some photos digitally staged to demonstrate possibilities.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017