116 N Ocean Avenue
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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 23, 2022 | Sold | ||
| Sold | |||
| Mar 24, 2022 | In contract | - | |
| In contract | |||
| Feb 25, 2022 | Listed by Compass Greater NY LLC | $599,999 | |
| Listed by Compass Greater NY LLC | |||
| | |||
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Spacious Hi Ranch In The Heart Of Freeport, Mid-Block, With Over 2200 Sq Ft Of Living Space! Possible Mother-Daughter Setup! Upper Level Complete With 3 Bedrooms, Full Bath, Eat-In Kitchen, Living Rm, And Dining Rm With High Vaulted Ceilings. Lower Level Has 2 Bedrooms, Office Or 6th Bedroom, Full Bath, Large Den Area, Laundry Rm, & Walkout To Private, Over-Sized 150 Ft Deep Huge Backyard Perfect For Entertaining. House Is A Newer Build From 1995, Beautiful Hardwood Floors, 150 Amp Electric, Gas Heating System, Has Full PVC Fence, Shed, & In-Ground Sprinklers. Do Not Miss!
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| Feb 11, 2022 | Listed by Compass Greater NY LLC | $599,999 | |
| Listed by Compass Greater NY LLC | |||
| Oct 20, 1995 | Sold | ||
| Sold | |||
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About Freeport
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017