11
Map
121 Sumner Avenue
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 |
|---|---|---|---|
| Oct 6, 2026 | Listed by Seaside Heights Realty Inc. | $1,299,000 | |
| Listed by Seaside Heights Realty Inc. | |||
| Oct 27, 2024 | Price Decreased |
$398,900
↓ $1K
(0.3%) | |
| Price Decreased | |||
| Aug 28, 2024 | Listed | $399,900 | |
| Listed | |||
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Build a 2 family on this lot 1 block to the beach for +/-500k and earn up to $250,000/year in annual rents. This math works for smart investor. Financing available to qualified buyer. This building lot can have an amazing Single or 2 Family built on it and no variance needed. Walk to everything. Construction to permanent loans are perfect for this to get you into your dream Jersey Shore Summer Home. Build one unit for yourself and let the other one pay the bills. 1 Hr from NYC, AC and Philly.
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About Seaside Heights
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
$8,600 /mo
- 2 Beds
- 2 Baths
- 2,592 ft²
$10,000 /mo
- 4 Beds
- 5 Baths
- 2,292 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017