119 Nesmith Place
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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 14, 2026 | Sold | ||
| Sold | |||
| Mar 27, 2026 | In contract | - | |
| In contract | |||
| Mar 20, 2026 | Price Decreased |
$349,800
↓ $29K
(7.7%) | |
| Price Decreased | |||
| Feb 11, 2026 | Listed by AEA Realty, LLC | $378,888 | |
| Listed by AEA Realty, LLC | |||
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Beautifully updated 3/2 beach home has BREATHTAKING OCEAN BEACH & GULF VIEWS that capture the essence of seaside living. TO DIE FOR WRAP AROUND PORCH. Open-concept kitchen, spacious family room, COMPLETELY remodeled. NEW ROOF, NEW BATHROOMS, NEW HVAC & addl mini-split. Natural light. Fully furnished. Private outdoor shower w/ hot & cold water— ideal after sandy beach day. Embrace the unbeatable location just a short walk from the shoreline & a 2025 Beach dune walkover at end of street.NO THRU TRAFFIC. 3 phase REVERSE OSMOSIS WATER system. Downstairs storage locker and newly added GARAGE. LP SMARTSIDING for all exterior siding & trim. Whether you're searching for a primary residence, vacation getaway, or investment property, this home offers the perfect blend of charm, comfort, & coastal lifestyle. ABSOLUTELY STUNNING & GORGEOUS INSIDE.Washer, dryer and refrigerator included.
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| Jan 20, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017