109 Ormond Drive #109
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| May 9, 2026 | Withdrawn | - | |
| Withdrawn | |||
| Apr 18, 2026 | Price Decreased |
$919,000
↓ $10K
(1.1%) | |
| Price Decreased | |||
| Mar 21, 2026 | Price Decreased |
$929,000
↓ $20K
(2.1%) | |
| Price Decreased | |||
| Jan 29, 2026 | Price Decreased |
$949,000
↓ $26K
(2.7%) | |
| Price Decreased | |||
| Jan 11, 2026 | Price Decreased |
$975,000
↓ $10K
(1%) | |
| Price Decreased | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
10/01/2025
|
3 Bed
|
2 Bath
|
1901 ft²
|
$999,000
3 Bed
2 Bath
1901 ft²
|
-
-
|
Derek Cranmer
Keller Williams Realty of VB
| |
|
07/08/2024
| |
3 Bed
|
2 Bath
|
1901 ft²
|
$899,000
3 Bed
2 Bath
1901 ft²
|
$849,000
-5.56%
11/13/2024
|
Scott Loveridge
Relentless Real Estate Co.
|
Building Info
About Indialantic by The Sea
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Currently no similar homes aroundNearby Rentals
$2,300 /mo
- 1 Bed
- 1 Bath
- 580 ft²
$4,850 /mo
- 3 Beds
- 2 Baths
- 1,991 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017