111-R Strandway
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 |
|---|---|---|---|
| Apr 23, 2025 | Sold | ||
| Sold | |||
| Mar 11, 2025 | In contract | - | |
| In contract | |||
| Mar 4, 2025 | Listed | $610,000 | |
| Listed | |||
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Welcome to the beach life! This cozy 3 bed 2 bath home just steps to Yirrell beach will be your serene escape. The home has hardwood floors and an open floor plan w a bedroom and a bath on the first level. The second level was added in 2018 and boasts 2 bedrooms, 1 with a finished loft space, and an additional bath. The tall ceilings and plentiful windows let the salty breeze and sunshine in. The deck off the bedroom is a peaceful spot to relax and enjoy the unobstructed ocean views. The outdoor shower completes the beach vibe. This eco friendly home is heated and cooled via solar panels. 111R Strandway isn’t just a home, it’s a lifestyle. Embrace coastal living while being close to Boston and public transportation.
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| Sep 15, 2016 | Sold | ||
| Sold | |||
| Aug 20, 2012 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017