1248 Ocean Blvd
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 |
|---|---|---|---|
| Sep 14, 2018 | Sold | ||
| Sold | |||
| Aug 23, 2018 | No longer available | - | |
| No longer available | |||
| Jul 16, 2018 | Listed | $1,599,000 | |
| Listed | |||
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Location, location, location! Sitting directly on beautiful Wallis Sands Beach, this summer beach cottage has been in the same family since 1920 - now they are offering it for sale for you to start your years of memories! Watch incredible sunrises from your wrap around porch, play in the surf and sand all day, and have dinner on the front lawn! Buy now and spend August at the beach! The manager has listed the unit size as 1440 square feet.
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| Jun 18, 2018 | Listed by Carey & Giampa, LLC REALTORS® | $1,599,000 | |
| Listed by Carey & Giampa, LLC REALTORS® | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017